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2025: - BYD: 2.25 million electric vehicles - Tesla: 1.64 million electric vehicles Tesla's sales decreased by 9% year-on-year, while BYD's sales increased by 28%. For the first time in electric vehicle history, BYD surpassed Tesla

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Global Electric Vehicle Leader: BYD Surpasses Tesla

Tesla announced its sales data for 2025, with annual sales of approximately 1.64 million vehicles, a decline of over 8% compared to 2024, officially yielding to BYD, which sold 2.26 million electric vehicles. Tesla delivered 418,227 vehicles in the fourth quarter, below market expectations. The U.S. government announced the cancellation of the $7,500 electric vehicle tax credit, which may affect electric vehicle demand. Tesla faces fierce competition from BYD and other automakers

- Tesla announced a decline in sales for 2025, ceding its position as the world's largest electric vehicle manufacturer to China's BYD.  
- In Q4 of 2025, Tesla delivered 418,227 vehicles, leading to an annual total of approximately 1.64 million, which is over an 8% drop from 2024, while BYD sold 2.26 million vehicles.  
- Market analysts had expected Tesla's Q4 sales to be slightly lower, forecasting 449,000 units, but the actual figures were below expectations, compounded by the lifting of a $7,500 federal tax credit and increasing competition from other automakers.

法新社

In 2025, annual sales could not compete, and Tesla ceded the EV crown to BYD

Tesla's fourth-quarter delivery volume decreased by 16% year-on-year to 418,227 vehicles, compared to an estimate of 440,907 vehicles. In contrast, BYD achieved growth in both fourth-quarter and annual sales of battery electric vehicles, with annual deliveries approaching 2.26 million electric vehicles, while Tesla delivered 1.64 million vehicles

- Tesla's car sales decreased by 8.6% last year, trailing behind China's BYD in global electric vehicle rankings.  
- In the fourth quarter, Tesla's deliveries fell by 16% to 418,227 units, missing both analyst expectations and the company's targets, while BYD reported growth with nearly 2.26 million annual electric vehicle deliveries.  
- Concerns over Tesla's 2026 sales prospects are rising, with analyst predictions dropping from over 3 million to about 1.8 million, despite Tesla's promotional efforts for its upcoming Cybercab model.

Tesla's fourth-quarter delivery volume was 418,227 vehicles, falling short of expectations and significantly lagging behind BYD for the entire year

Italy's new car sales declined by 2.12% in 2025, totaling 1.53 million units. Chinese brand BYD saw significant growth, with sales surging eight-fold to nearly 24,000 vehicles. In December, new car sales rose by 2.2% year-on-year. BYD's sales increased by 428% in December, while Tesla's sales fell by 8.6% overall in 2025. Stellantis, the market leader, experienced a 5.54% drop in December sales, reducing its market share to 21.5%.

- Sales of new cars in Italy decreased by 2.12% last year to 1.53 million units, according to transport ministry data.  
- BYD experienced significant growth, with sales surging to nearly 24,000 vehicles, while Tesla's sales declined by 18% in Italy.  
- December saw a 2.2% increase in new car sales, with Stellantis also experiencing a decrease in market share from 23.8% to 21.5%.

Reuters

Italy's new car sales down 2.12% in 2025 as Chinese brands gain market share

BYD's European registrations jump 221.8% in Nov, while Tesla slips 11.8% BYD registered 21,133 new vehicles in Europe in November, compared to Tesla's 22,801 units. BYD Dec 23, 2025

CnEVPost

BYD NEV sales continue to decline in Dec while overseas sales hit new record

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Data shows that in November, the market share of Chinese brands in the European electric vehicle market reached a record 12.8%, with a share of over 13% in the hybrid vehicle sector. Despite facing tariff pressures, brands such as BYD, SAIC, CHERY, and LEAPMOTOR have successfully mitigated the impact of trade barriers by absorbing tariff costs, focusing on hybrid models, and targeting non-EU markets like the UK. Among them, LEAPMOTOR's sales surged over 4000%, while CHERY grew by 1100%

- Chinese car manufacturers have made significant progress in the European electric vehicle market, achieving a record market share of 12.8% as of November.  
- They have adapted by shifting focus to hybrid vehicles and non-EU markets, effectively mitigating the impact of upcoming EU tariffs on Chinese-made electric cars.  
- As local European manufacturers strive to keep up, EU officials have proposed easing regulations on phasing out traditional fuel vehicles to protect the industry from the pressures of the electric transition.

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Chinese electric vehicles are selling explosively in Europe, with market share reaching a historic high!

After reaching one million new energy vehicles, we will start again

- In 2025, Dongfeng Motor achieved annual new energy vehicle sales of 1 million units, signaling a significant shift in China's automotive landscape.  
- The company has demonstrated its engineering capabilities with innovations such as the M817 model and advanced technologies, positioning itself competitively against new entrants.  
- As Dongfeng accelerates its global expansion and integrates advanced manufacturing processes, it underscores a transformation towards a more robust and influential presence in the automotive industry.

The national automotive team returns to the center of the table

BYD has reached a significant milestone by producing its 15 millionth new energy vehicle (NEV), just 13 months after its 10 millionth unit. The milestone vehicle is the N8L SUV from its Denza sub-brand. BYD, founded in 1995, has grown rapidly in the NEV sector, ceasing production of internal combustion engine vehicles in 2022. The company continues to expand its global production capabilities.

- BYD has produced its 15 millionth new energy vehicle (NEV), represented by the N8L SUV, 13 months after reaching its 10 millionth unit.  
- The company, a major player in the NEV sector since launching its first model in 2008, reported a year-on-year sales increase of 11.3% from January to November 2025.  
- BYD has transitioned entirely to electric vehicles, ceasing production of conventional combustion engine vehicles in March 2022.

BYD reaches 15 millionth NEV production milestone

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China’s GAC Group announced that its GOVY AirCab flying car has entered the airworthiness certification process, with mass production expected in 2026. The company is developing a lineup of short-range multirotor and intercity hybrid-wing aircraft. Prototype deliveries have been completed in Beijing and Hong Kong. The intercity model, GOVY AirJet, will begin commercial operations in 2028. GAC is exploring applications in tourism, emergency rescue, and logistics, with pilot operations planned in the Guangdong–Hong Kong–Macao Greater Bay Area by 2027.

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GAC’s GOVY AirCab flying car enters airworthiness review, mass production eyed in 2026

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Seres Group Co. Ltd. reported a 49.84% increase in November 2025 new energy vehicle sales, with 55,203 units sold. Overall vehicle production rose by 30.36% year-on-year to 58,877 units, and sales increased by 36.34% to 58,113 units. Year-to-date new energy vehicle sales reached 411,288 units, up 5.58%. The figures are preliminary and subject to audited results.

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Seres Group Reports 49.84% Rise in November New Energy Vehicle Sales

BYD's new energy vehicle sales in November reached 480,200 units, leading the market, while Hongmeng Zhixing achieved a record high with over 80,000 units. ZEEKR and Leapmotor delivered over 60,000 and 70,000 units, respectively. Xiaomi surpassed 40,000 units again and launched on-site vehicle selection. NIO's multi-brand strategy delivered 36,000 units, a year-on-year increase of 76.3%. Li Auto delivered 33,000 units, with orders for the new i6 and i8 exceeding 100,000. IM Motors achieved over 10,000 deliveries for three consecutive months

- As the year-end approaches, China's new energy vehicle market shows significant differentiation, with over half of the companies achieving monthly deliveries exceeding 10,000 units.  
- BYD leads with 480,200 units sold in November, followed by Hongmeng Zhixing with over 81,000 units, and Zeekr and Leap Motor with over 60,000 and 70,000 units, respectively.  
- Several companies announced new vehicle launches and delivery policy optimizations, including the nationwide delivery of the Zhiji LS9 and the upcoming launch of the Lantu Zhaiguang L on December 10.

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Electric Vehicle November Report Card: HarmonyOS Smart Travel breaks 80,000 units, Xiaomi surpasses 40,000 units, and Li Auto i6 and i8 cumulative orders exceed 100,000 units

SERES reported a net profit of 5.312 billion RMB for the first three quarters of 2025, marking a 31.56% year-on-year growth. The company is set to become the first luxury NEV manufacturer with an "A+H" listing, having begun its Hong Kong IPO on October 27. The AITO product line has seen significant success, with over 800,000 units delivered, including record sales for the AITO M9. SERES continues to invest in technological innovations and has been recognized as one of China's fastest-growing companies, ranking 190th in the latest list of the 500 largest companies.

prnewswire

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					SERES erzielt in den ersten drei Quartalen einen Nettogewinn von 5,312 Milliarden RMB und wird der erste Luxus-NEV-Hersteller mit „A+H"-Notierung

SERES reported a net profit of 5.312 billion RMB for the first three quarters of 2025, marking a year-on-year growth of 31.56%. The company generated revenues of 110.534 billion RMB and is set to become the first luxury electric vehicle manufacturer to be listed on both the Australian and New Zealand stock exchanges (A+H). The AITO product line has seen significant success, with over 800,000 total deliveries and the AITO M9 leading in the 500,000 RMB segment. SERES is committed to innovation and technology, enhancing its market competitiveness.

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					El beneficio neto de SERES en los tres primeros trimestres alcanza los 5.312 millones de RMB

According to the Zhitong Finance APP, SERES released its production and sales report for October, with new energy vehicle sales of 51,456 units in the month, a year-on-year increase of 42.89%; the cumulative sales from January to October reached 356,085 units, a year-on-year increase of 0.95%

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SERES: In October, new energy vehicle sales reached 51,500 units, a year-on-year increase of 42.89%

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According to the Zhitong Finance APP, JAC disclosed its third-quarter report for 2025. The company achieved revenue of 30.873 billion yuan in the first three quarters, a year-on-year decrease of 4.14%; the net profit attributable to shareholders was a loss of 1.434 billion yuan; the net profit excluding non-recurring gains and losses was a loss of 1.763 billion yuan; basic earnings per share were -0.66 yuan

GF Fund CSI All Share Automobiles ETF(159512.SZ)

Global Electric Vehicle Leader: BYD Surpasses Tesla

In 2025, annual sales could not compete, and Tesla ceded the EV crown to BYD

Tesla's fourth-quarter delivery volume was 418,227 vehicles, falling short of expectations and significantly lagging behind BYD for the entire year

Italy's new car sales down 2.12% in 2025 as Chinese brands gain market share

BYD NEV sales continue to decline in Dec while overseas sales hit new record