I've been waiting for BYD to hit a ceiling but I'll have to wait a little longer. Deliveries of electric cars (BEVs) was up 39% and 42% in the first two quarters of 2025. With Tesla's slipping 13% downward, BYD has managed to go the other way and dramatically so.
Adding hybrid sales, over a million units per quarter was achieved. That was up 58% and 15% for the first two quarters! At a time when many manufacturers would be content with maintaining volume, BYD is aggressively pushing forward.
It will be interesting to see whether this growth will continue through the year. The second quarter growth would suggest things are indeed plateauing off. Hybrid vehicles are not performing as well as BEVs in 2025. YTD they are up 24% while BEV deliveries have increased 41%.
Not shown in the data below are commercial vehicles which made up just 0.5% of total volume in 2024. So far this year that has increased to 1.5%, with 32,683 units delivered and YTD growth of 460%.
Data & picture source: BYD
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