BYD surges, but Chinese EV market faces pressureBloombergBYD Co (比亞迪) last year met its full-year sales target and likely surpassed Tesla Inc to become the world’s largest maker of electric vehicles (EVs) — a milestone overshadowed by a challenging outlook for the Chinese auto market in the year ahead. The Chinese EV giant’s Hong Kong-listed shares rose on the first day of trading for the new year, gaining as much as 2.3 percent yesterday. The Shenzhen-based automaker delivered 4.6 million vehicles last year, up 7.7 percent from 2024. BYD and its rivals face growing pressure in the coming year as China scales back some incentives supporting EV purchases. The company’s total sales could grow to 5.3 million units next year, analyst estimates compiled by Bloomberg showed.

Source: Taipei Times January 02, 2026 16:33 UTC