00:00China's BYD is set to overtake Tesla as the world's top seller of electric vehicles,
00:06marking a major shift in the global EV market.
00:09The Shenzhen-based automaker says sales of its fully electric cars jumped nearly 28% last year.
00:18In total, BYD sold more than 2.25 million electric vehicles in 2025.
00:25Tesla has not yet released full-year numbers,
00:27but estimates earlier this week show sales fell 8% to around 1.64 million units.
00:34Tesla faced a tough year with slower growth and rising competition,
00:38and sales slipped in early 2025 amid backlash over CEO Elon Musk's role in the Trump administration.
00:45BYD has emerged as a global EV powerhouse,
00:48expanding into Latin America, Southeast Asia and Europe, while undercutting rivals on price.
00:54Even as it grows quickly, BYD faces challenges at home,
00:58including rising competition from other Chinese EV makers,
01:02and Beijing scaling back some incentives for electric vehicle purchases.
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