Tesla surrenders EV crown to BYD after 8.6% sales decline
- by Financial Post | Canada Business News
- Jan 02, 2026
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The BYD Seal 5 from Chinese electric vehicle (EV) manufacturer BYD is pictured at the 2025 Bangkok International Motor Show at the Impact Arena convention venue in Bangkok on March 24, 2025.
Photo by Chanakarn Laosarakham / AFP via Getty Images
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Tesla Inc. vehicle sales fell 8.6 per cent last year, dropping the Elon Musk-led company well behind China’s BYD Co. Ltd. in the global ranks of electric-vehicle makers.
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