Chinese automaker BYD posted a 30.1 percent drop in sales for January, year-on-year, marking the fifth straight month of declining sales for the world’s largest electric vehicle (EV) manufacturer.
BYD’s chief worldwide rival for EV sales, Elon Musk’s Tesla, announced a nine-percent drop in sales when publishing its year-end figures in January. This allowed BYD to surpass it as the top EV company by sales volume, thanks to a massive surge in overseas sales during the first half of the year, even though the Chinese giant was having sales problems of its own in the last quarter of 2025.
BYD’s production of EVs was down by 29.1 percent in January…
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