Hyperdrive

BYD Hits Sales Goal, Set to Topple Tesla as Biggest EV Maker

Electric vehicles on the assembly line at the BYD Co. factory in Zhengzhou, China.Photographer: Qilai Shen/Bloomberg

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By Linda Lew, Danny Lee, and Bei Hu

January 1, 2026 at 11:23 AM UTC

Updated on

January 2, 2026 at 1:57 AM UTC

BYD Co. met its full-year sales target and likely surpassed Tesla Inc. to become the world’s largest electric-vehicle maker in 2025 — milestones overshadowed by a challenging outlook for the Chinese auto market in the year ahead.

The Chinese EV giant’s Hong Kong-listed shares rose on the first day of trading in the new year, gaining as much as 2.3%.