Tesla vs. BYD

BYD Pulls Ahead of Tesla to Become Largest EV Maker

After years on top of the global electric vehicle market, Tesla has lost the title of world’s largest EV producer to Chinese powerhouse BYD. In 2024, Tesla made 1,774,442 electric vehicles, 4,500 shy of BYD’s 1,777,965. After first surpassing Tesla’s quarterly vehicle production in Q4 2023, BYD fell back behind its U.S. competitor in subsequent quarters. In Q4 2024, however, China’s number 1 car brand outproduced Tesla by almost 150,000 vehicles, making it the world’s new leading EV manufacturer.

While few people outside of China had heard of BYD just a couple of years ago, the Shenzhen-based electronics and manufacturing giant rose to international fame in recent years, as its largest business unit/subsidiary BYD Auto became one of the largest makers of electric cars in the world and expanded beyond its home market.

BYD successfully pivoted from international combustion vehicles to what’s known as “new energy vehicles” in China, i.e. battery electric vehicles and plug-in hybrids. The company did so at breakneck speed, ramping up production of its electric passenger vehicles at a pace matched only by what is now its largest competitor at the global scale: Tesla.

Description

This chart shows the annual production of electric vehicles by market leaders Tesla and BYD.

Download Chart
Premium statistics
Quarterly Tesla supercharger station and connector volume worldwide 2020-2024
Premium statistics
Tesla monthly share price on the Nasdaq stock exchange 2010-2024
Premium statistics
Tesla: Monthly U.S. market share 2023
Premium statistics
Number of Tesla Motors electric cars in traffic in Finland 2023, by model
Tesla's vehicle sales by quarter YTD Q1 2024
Premium statistics
Tesla's vehicle production by quarter Q1 2024

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

Statista Content & Design

Need infographics, animated videos, presentations, data research or social media charts?

More Information