Tesla loses EV crown to China's BYD
Digest more
38mon MSN
What BYD Needs to Prove in 2026
BYD has already proven it can scale. In 2026, the real test is whether it can turn that scale into durable profits.
The UK is a small EV market in absolute global volume terms, with a few hundred thousand battery electric registrations a year against China’s millions. Even BYD’s sixfold surge in sales here last year and its rise to become the UK’s sixth biggest carmaker in December cannot explain why it delivered 620,000 more EVs globally than Tesla last year.
California is weighing a one-time 5% tax on billionaires and their trusts, a proposal that could raise $100 billion for healthcare but has split Democrats and sparked warnings about businesses and jobs leaving the state.
BYD Co. met its full-year sales target and likely surpassed Tesla Inc. to become the world’s largest electric-vehicle maker in 2025 — a milestone overshadowed by a challenging outlook for the Chinese auto market in the year ahead.
BYD (OTC:BYDDY) has outperformed the market over the past 10 years by 9.65% on an annualized basis producing an average annual return of 23.23%. Currently, BYD has a market capitalization of $115.33 billion.