Back

Chinese BYD dethrones Tesla in the electric vehicle market

January 3, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Chinese BYD dethrones Tesla in the electric vehicle market

Tesla has lost its global lead in the electric vehicle industry to Chinese BYD, following a decline in its annual sales for the second consecutive year, affected by increasing global competition, the end of U.S. tax incentives, and negative reactions to its brand. This shift comes as reported by Reuters, at a time when global electric vehicle sales rose by 28 percent last year, with BYD's sales surpassing Tesla's for the first time on an annual basis, driven by rapid growth in the European market, where the Chinese company has widened the gap with its American rival.

Share on social media

Related Articles

Béjaïa Port Achieves a Record

Béjaïa Port Achieves a Record

Béjaïa Port has set a new record in handling bulk cargo, unloading 15,153.60 tons of corn within 24 hours, in an operation conducted directly from the ship to the trucks, according to the Béjaïa Port Authority (EPB). The authority stated in a press release that the operation was carried out at berth number 21, starting from the ship 'BUNUN TREASURE' coming from Santarém, thus breaking the previous record set at the port. View the full content on Echourouk Online.

Oct 28, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.