Chinese electric vehicle manufacturer BYD has solidified its position as the world's dominant EV maker, commanding 19.9% of the global market between January and August 2025 with 2.6 million deliveries, significantly outpacing competitors in the rapidly expanding electric vehicle sector.
The automaker's nearest rival Geely secured second place with 1.3 million deliveries and witnessed impressive 68% year-over-year growth, while Tesla fell to third position with 985,000 deliveries representing a 7.7% market share and experiencing an 11% decline compared to the same period in 2024.
Data from SNE Research reveals that the top five Chinese automakers collectively account for 43% of the global EV market in 2025, driven by robust domestic sales and aggressive international expansion particularly in Europe, Brazil, Mexico, and Southeast Asian markets where affordability and rapid product innovation have disrupted traditional automotive hierarchies.
BYD's competitive advantage stems from its vertically integrated supply chain enabling cost leadership, with vehicles like the UK's Dolphin Surf priced at £18,650 compared to Tesla's Model 3 at approximately £39,000, alongside manufacturing approximately 75-80% of vehicle components internally while projecting deliveries could exceed 5 million units annually by 2026.
The International Energy Agency projects global EV sales will reach 17 million units in 2025 compared to 14 million in 2024, with electric vehicles potentially comprising 45% of new car sales by 2030 as average battery pack prices declined from $151 per kilowatt-hour in 2022 to approximately $110 in 2025 and could fall below $80 by decade's end, fundamentally reshaping automotive economics and accelerating the transition away from internal combustion engines.
