Which Chinese company is like Tesla?
BYD’s electric car sales rose by 28% during the year despite a weaker performance in December. BYD was founded in 1995 as a battery company by Wang Chuanfu, who is often described as China’s equivalent to Musk. Its business already produced more cars overall than Tesla when counting hybrids. China’s BYD has overtaken Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival in annual sales.Intense competition is crushing profit margins, government subsidies are vanishing, and faster production cycles mean that no company can hold a lead for long. BYD is emblematic of how Chinese electric vehicle companies are becoming victims of their own success.BYD reported a higher 2024 revenue of $107 billion and surpassed Tesla in global EV sales, delivering over 1 million units in Q1 2025 alone. The company is aggressively expanding its footprint across Asia, Latin America, and Europe, positioning itself as a dominant force in the global EV market. Amazing #viralpost.Berkshire Hathaway has fully exited its stake in Chinese EV-maker BYD, ending a 17-year investment that began in 2008. The sale, part of a broader portfolio reduction, comes after BYD’s profits slowed and Mexico’s recent tariff hike on Chinese vehicles.
What is the Chinese version of the Tesla?
The Tesla Model Y L is a long-wheelbase variant of the Tesla Model Y. It is manufactured in China and, at least for now, only available there. China is famous for its L-cars, which are long-wheelbase variants of existing cars specially developed for the Chinese market. Chevrolet Equinox EV: 57,945 units sold The Equinox EV continues as the bestselling non-Tesla EV, up 100 percent over 2024, although the Equinox EV only went on sale in the third quarter of 2024.Tesla Model Y: 317,800 units sold (estimated) The Model Y is still the bestselling EV in the United States and the seventh bestselling vehicle overall, despite a 22 percent slide compared to 2024, according to Automotive News estimates.
Who is Tesla’s biggest competitor in China?
Chinese firms such as Geely, MG, and BYD – now the country’s largest electric car company – have put pressure on Western rivals by pricing their vehicles below established brands. In October, Tesla responded by launching lower-priced versions of its two best selling models in the US in a bid to boost sales. One factor in BYD’s favor is that its most affordable cars, especially the Seagull and the Dolphin, are smaller than Tesla’s Model 3. This allows BYD to use smaller and cheaper batteries, said Whitcombe. The battery is the most expensive part of an electric vehicle.China’s BYD overtook Tesla as the world’s largest electric carmaker in 2025, after the US company run by Elon Musk reported a slump in deliveries at the end of the year. BYD sold 2. Friday by Tesla for the same period.Fierce competition from local rivals such as NIO and Li Auto — both reporting this week — and a bruising price war in the face of a down economy pushed Tesla’s China sales to 26,006 last month. The U. S. Chinese EV market shrank to 3. October from 8. September.BYD dominates key markets with lower prices, more vehicle options and superior battery technology. The expiration of U. S. Elon Musk’s political activities have accelerated Tesla’s market share decline.Tesla’s market share in Europe dropped precipitously in the EU in November, from 2. Tesla represents, even the ones that agree with Musk.