I've been waiting for BYD to hit a ceiling but it has been defying that expectation. Deliveries of electric cars (BEVs) was up 39%, 42% and 31% in the first three quarters of 2025. With Tesla's slipping downward, BYD has managed to go the other way and dramatically so.
Adding hybrid sales, an average of over a million units per quarter was achieved. That was up 58%, 15% and down 2% for the first three 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. The third quarter lack of growth would suggest things are indeed plateauing off. Hybrid vehicles are not performing as well as BEVs in 2025. YTD they are shown below as down 24% while BEV deliveries are down 9% but that is with the fourth quarter of 2025 yet to the added. Comparing three quarter periods, BEVs are up 37% and hybrids up 3% for a total of +19%
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 1.3%, with 37,578 units delivered and YTD growth of 260%.
Data & picture source: BYD.
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