Tesla is no longer the world’s top-selling electric car manufacturer
This page is translated from the original post "Tesla n’est plus le premier vendeur mondial de voitures électriques" in French.
- 26/03/2025 8:21
Tesla must accept the inevitable: the Chinese company BYD is now the world’s leading manufacturer of electric vehicles.
The Chinese manufacturer BYD achieved an impressive turnover of 777 billion yuan (97.4 billion euros) in 2024, surpassing Tesla in the 100% electric vehicle sector. This completely crazy figure is all the more remarkable as it represents a 29% increase compared to the previous year. In comparison, Tesla generated €88.9 billion in revenue with 1.79 million fully electric vehicles delivered, marking a 1.1% decline in its annual sales, a first for the company.
Under the leadership of Wang Chuanfu, BYD has solidified its position as an industrial leader, dominated various segments, and reshaped global competition in the field of clean energy. In 2024, the company increased its competitiveness by launching innovations such as a 1,000 kW ultra-fast charging system capable of providing 400 kilometers of range in just five minutes, far surpassing Tesla’s Supercharger technology. BYD also introduced an advanced driving assistance system, “God’s Eye,” available for free, a severe blow to Tesla and its paid services.
Tesla in a downward spiral
Despite its efforts, Tesla struggles to compete with BYD on the Chinese market, where its share is only 6.1%, compared to 32% for BYD. Regulatory issues still hinder the deployment of Tesla’s Full Self-Driving (FSD) feature in China. Limited tests were launched and then quickly suspended, provoking customer complaints. Meanwhile, BYD continues to dominate the Chinese market while strengthening its international position, notably through the opening of new factories such as the one in Brazil.
In Europe, Tesla faces significant difficulties, recording a 40% decline in sales in February 2025 compared to the previous year. While the American manufacturer is entangled in controversies directly linked to its turbulent CEO Elon Musk, BYD asserts itself as an unavoidable player, capable of innovating and capturing market share without causing (too much) a stir. A discreet tsunami, in a way.
READ ALSO: Is the world realizing that Teslas are poor cars?
We also suggestthese articles:
Also read
