BYD Dolphin Mini leads retail sales in February

For the first time, a fully electric vehicle, the BYD Dolphin Mini, topped retail sales in Brazil in February 2026, with over 4,000 units sold. This milestone signals a shift in the automotive market, long dominated by combustion engines. BYD has sold more than 62,000 units of the model since its entry into the country.

The BYD Dolphin Mini recorded over 4,000 units sold in February 2026, becoming the top-selling car in Brazil's retail market and the first fully electric vehicle to achieve this ranking. According to Fenabrave data, BYD ranked fourth in national retail sales in 2025. Since its launch in Brazil, the model has accumulated more than 62,000 units sold, contributing to BYD's total of over 225,000 fully electric and plug-in hybrid vehicles in the country.

The Dolphin Mini's success is bolstered by 2025 awards, such as Best Urban Car in the World at the World Car Awards and inclusion in Time's Best Inventions list. In Brazil, it won the Prêmio Mobilidade Limpa from Agência AutoInforme and was named Urban Car of the Year at the Car Awards.

Features like up to 280 km range per the Brazilian Vehicle Labeling Program, fast charging from 30% to 80% in about 30 minutes on DC, and up to 79% cost savings compared to combustion vehicles (based on 12,000 km annually) drive its popularity. The model provides ample interior space, superior finishes, and low maintenance costs, with no fuel expenses.

Production takes place in Camaçari, Bahia, as part of BYD's industrial consolidation strategy in Brazil, advancing the national shift toward electrification.

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BYD-branded Formula 1 car speeding on racetrack, symbolizing the EV maker's potential motorsport entry.
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BYD explores Formula 1 entry to boost global brand

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China's BYD, the world's largest electric vehicle seller, is considering an entry into Formula 1 as its first major push into elite auto racing. The automaker is evaluating options such as acquiring an existing team or building one from scratch, amid the sport's shift toward hybrid engines. No final decision has been made, with costs potentially reaching $500 million per season posing a significant barrier.

In January 2026, BYD outsold Tesla by a 10-to-1 margin in Australia's electric vehicle market, with 5,001 units versus Tesla's 501—a 641% surge for BYD and 32% decline for Tesla year-over-year. This builds on BYD's 2025 global overtake of Tesla and intensifying local competition in a market growing 93.3% annually.

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Building on late-2025 gains, BYD continued to outpace Tesla in key European markets in January 2026 while securing entry into Canada via a landmark trade deal. Detailed sales data shows BYD's explosive growth amid Tesla's continued slump, signaling deepening shifts in the global EV market driven by pricing, policy, and competition.

Sales of imported vehicles in South Korea rose 34.6 percent in March to 33,970 units, driven by strong electric vehicle demand and more working days. Tesla dominated with 11,130 units sold. This marks key milestones in the market.

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Electric vehicle sales worldwide dropped 3% in January 2026 compared to the previous year, extending the slowdown seen after BYD overtook Tesla as the top global EV seller in 2025. Tesla faced sharp declines in key markets like China, the US, and Europe due to policy changes, rising competition, and reputational issues, reporting its lowest sales in China since late 2022.

Tesla has reclaimed the leading position in Norway's automotive market in February 2026, following a sharp decline in January. Electric vehicles captured 98% of new car registrations amid a market rebound. The recovery comes after value-added tax adjustments prompted buyers to advance purchases into late 2025.

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