The shift in market leadership follows a year where the American manufacturer recorded its first-ever decline in annual deliveries while its Chinese competitor reported significant growth in its electric segment.

BYD sold 4.6 million vehicles last year, compared to 4.3 million in 2024. Monthly sales for December dropped by 18.3% year-on-year.

BYD Company (BYDDF) reported December 2025 new energy vehicle (NEV) sales of 420,398 units, down from 514,809 units a year earlier, even as full-year NEV sales rose 7.73% Y/Y to 4.60M vehicles, underscoring the company’s scale and resilience in a highly competitive EV market.