BYD
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.
BYD has launched the Atto 3 EVO in Spain, the new generation of its 4.45-meter compact electric SUV. The model features the e-Platform 3.0 with rear-wheel or all-wheel drive options, and ranges exceeding 700 km in urban cycle.
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BYD has upgraded its Flash Chargers, first unveiled late last year, to deliver even faster charging: from 10% to 70% in five minutes and a full charge in about nine minutes, adding over 600 miles of range—rivaling gas pump speeds.
BYD maintained its dominance in China's new energy vehicle market in 2025, capturing 27.2% share despite a 6.3% sales decline. Tesla ranked fifth with 4.9% share after a 4.8% drop in retail sales. Both companies faced challenges amid rising competition.
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New details from 2025 full-year figures show China's BYD extending its advantage over Tesla by over 600,000 EV units, fueled by overseas expansion and stark December contrasts in markets like Germany.
In the 2025 global EV sales race—where BYD claimed the top spot with 2.26 million units—Tesla's deliveries fell 8.5% to a precise 1,636,129 vehicles, with production down 6.7%. Q4 figures missed lowered expectations, revealing stark European drops amid competition and policy headwinds, though Norway bucked the trend.
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Chinese automaker BYD has surpassed Tesla to become the world's largest seller of electric vehicles in 2025, with sales of 2.26 million units compared to Tesla's 1.64 million deliveries. Tesla's figures mark a second consecutive annual decline of 9 percent, driven by the end of U.S. tax credits and intensifying global competition. Despite the sales drop, Tesla's stock rose about 11 percent for the year amid optimism over future technologies like robotaxis.
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