Economy / Technology
Tesla has lost its position as the world’s largest electric vehicle manufacturer, as falling sales and growing competition pushed it behind Chinese rival BYD.
Tesla delivered 1.64 million vehicles in 2025, a decline of about 9% from the previous year, amid customer backlash and intensifying overseas competition.
BYD, meanwhile, sold about 2.26 million EVs, making it the new global leader in electric vehicle sales.
APSC relevance: Global EV market trends, competition between US and Chinese manufacturers, implications for clean mobility.
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