Tesla’s Top Rival Stumbles: BYD’s Profit Plunge Shakes the EV Market
From Battery Maker to EV Titan: BYD’s Meteoric Rise BYD (“Build Your Dreams”) has undergone a stunning transformation – from a humble battery producer into an electric vehicle powerhouse. The Shenzhen-based company, which started by making cellphone batteries, scaled its auto business to millions of units within a few years finanzen.net. In 2024 BYD sold about 4.27 million vehicles, firmly cementing itself among the world’s top five automakers finanzen.net. In fact, by the first half of 2025, BYD ranked #4 globally in passenger car sales – ahead of legacy giants like GM and Hyundai finanzen.net. This surge marked a tipping point,