byd overtakes tesla: China’s BYD overtakes Tesla as the world’s top EV seller – Is this the end of Tesla’s reign, or can their refreshed Model Y fight back? What’s behind the shift and what it means for the future of electric cars?
Chinese automaker BYD has officially dethroned Tesla as the world’s leading EV seller. In 2024, BYD reported staggering revenues of $107 billion, selling 4.27 million vehicles worldwide—more than double Tesla’s 1.79 million deliveries. Tesla, in contrast, generated $97.7 billion in revenue, experiencing its first annual sales decline of 1.1%. The numbers don’t lie—BYD is rewriting…