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BYD Co. Ltd. (OTC:BYDDY) led the global new energy vehicle (NEV) sales charts as the sector recorded a 30% YoY growth in 2025 amid Tesla Inc.'s (NASDAQ:TSLA) poor sales run.
Global NEV sales, including Battery Electric Vehicles, Plug-In Hybrid Vehicles, as well as Fuel Cell Vehicles, reached 4.86 million units during the second quarter of 2025, market research firm Trendforce revealed in a report on Monday.
BYD retained its position as the leading BEV manufacturer, capturing over 18.3% of the total market share, while Tesla came in at the second spot with an 11.7% market share. The EV giant's market share fell after experiencing a 14% YoY drop in sales in multiple regions, the report said.
Meanwhile, Geely Automobile Holdings Ltd. (OTC:GELYF) held over 6.4% of the market in third place, while Stellantis NV (NYSE:STLA) backed Leapmotor captured the sixth spot on the list and Xpeng Inc. (NYSE:XPEV) was seventh.
This data comes as Tesla sales declined by double digits in markets like France, Sweden and Denmark. Tesla's California sales also fell 21% despite the Model 3 and the Model Y being the best-selling models in the state.
Tesla also slashed its UK lease prices by over 40% as sales fell in the region by over 60%. Meanwhile, BYD sales surged 314% in the UK, after the company sold over 3,184 units during July.
BYD also hit a new sales record in India, as the Chinese automaker sold over 3,000 units in the country by August, a figure that surpassed its total sales in the market during 2024.
The surge coincides with the company's plans to expand into Europe, with BYD's luxury subbrands like Yangwang, as well as Denza, set for European debuts next year.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
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