Chinese automaker BYD Co. has reported a significant increase in its February 2025 sales, reinforcing its leading position in the global electric vehicle market. The company sold 322,846 vehicles worldwide, marking an 8.9% rise from January’s 296,446 units and a substantial year-on-year growth from 122,311 units in February 2024.
This surge includes 318,233 passenger new energy vehicles , encompassing both battery electric vehicles and plug-in hybrid electric vehicles . Specifically, BYD’s BEV sales reached 124,902 units, reflecting a 127.48% increase compared to the same period last year. PHEV sales were even more impressive, with 193,331 units sold, representing a 189.24% year-on-year rise.
A notable aspect of BYD’s performance is its robust export growth. The company exported 67,025 vehicles in February, achieving a 187.8% increase compared to the previous year. This marks the third consecutive month of record-high overseas sales for BYD, underscoring its expanding global footprint.
In contrast, competitors such as Nio and Li Auto reported mixed results. Nio delivered 13,192 vehicles in February, a slight decrease of 4.84% from the previous month, while Li Auto’s deliveries reached 26,263 units. citeturn0news15
Tesla, another major player in the EV market, faced challenges during this period. The company’s sales in Europe declined by nearly 50% in January 2025, with the European Automobile Manufacturers’ Association reporting a drop to 9,945 vehicles from 18,161 the previous year. Tesla’s market share in Europe fell to 1% from 1.8%, despite overall battery-electric vehicle sales rising by 34% in the region. In China, Tesla sold around 34,000 vehicles in January, down 12% year-over-year, amid increasing competition from local manufacturers like BYD and Geely. citeturn0news17
BYD’s strong performance can be attributed to its diverse product lineup and strategic market positioning. The company has been focusing on both BEVs and PHEVs, catering to a broad spectrum of consumer preferences. Additionally, BYD’s commitment to innovation, such as the development of advanced battery technologies, has bolstered its competitiveness in the rapidly evolving EV landscape.
The company’s success is also reflected in its market share. In 2024, BYD dominated China’s EV market with 3.52 million deliveries, accounting for a 31.4% market share. Although this represents a slight decrease from the previous year, it underscores BYD’s stronghold in the domestic market.
Looking ahead, BYD aims to maintain its growth trajectory by expanding its global presence and investing in new technologies. The company’s recent export figures indicate a strategic emphasis on international markets, which could further solidify its position as a global leader in the EV industry.
