BYD Surpasses Tesla to Become World's Largest EV Seller
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
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Not long ago, few would have believed BYD (BYDDF) could successfully break into the European market, competing against Volkswagen (VWAGY), Toyota (TM), and brands such as BMW (BMWYY) and Porsche (POAHY), Stephen Wilmot and Santiago Perez of The Wall Street Journal reports. Yet BYD is leading the group of Chinese automakers whose global exports have surpassed expectations. The company delivered more than 1M vehicles outside China in 2025 and replaced Tesla (TSLA) as the world's biggest EV seller. Other Chinese companies have seen similar success, with Geely (GELYF), China's second largest automaker, now hinting it might expand production of its Chinese brands in the U.S.
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About TM
Toyota Motor Corp is a Japan-based company mainly engaged in the automotive business, as well as financial services and other businesses. It operates through three business segments. The Automotive segment designs, manufactures, and sells automobiles, including sedans, minivans, compact cars, sport utility vehicles (SUVs), and trucks, as well as related parts and accessories. The Financial Services segment provides financing and vehicle leasing services to complement the sales of automobiles and other products manufactured by itself and its affiliates. The Other segment engages in information and communications services. It also oversees manufacturing and sales companies, conducts public relations and research activities, oversees financial companies, and develops various mobility products, primarily software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
