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Tesla loses EV crown to China’s BYD

Tesla lost its crown as the world’s biggest electric-vehicle maker in 2025, as it was overtaken by Chinese rival BYD following a second year of declining vehicle sales.Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. The Chinese group had previously outsold Tesla on a quarterly basis but Friday’s figures mean it has now overtaken its US competitor for annual deliveries of fully electric models.While Tesla increased its sales every year between 2011 and 2023, Friday’s figures represent its second consecutive annual drop.  Is China likely to dominate the world in the technology sector ?

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