BYD, short for Build Your Dreams, began in 1995 as a battery manufacturer in Shenzhen. Today, it is one of the world's largest electric vehicle producers and a growing force across Europe. In July 2025 alone, BYD sold 13,503 cars across the UK, EU, and EFTA, more than triple its sales from the same month last year.
Meanwhile, Tesla sold just 8,837 cars during that period, a 40% drop from July 2024. BYD now holds 1.2% of the market share in Europe, while Tesla's has slipped to 0.8%. The shift marks a significant turning point in the ongoing competition between Chinese and American electric vehicle makers.
