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One in all our workforce members talked about yesterday that BYD beat Tesla in BEV gross sales final quarter, and that we must always have an article about it. I did publish such comparisons previously, so it was undoubtedly on me to get a brand new one out now. (To be trustworthy, I simply forgot about doing these comparisons, and it’s been a yr since I’ve executed one, so this can be a huge replace that goes a lot additional again than final quarter.)
First issues first, we’re taking a look at full battery electrical car gross sales. Tesla led on this subject for years. BYD had a surge within the 4th quarter of 2023 when it beat Tesla, however then Tesla took again the title for some time once more. Nonetheless, in This fall 2024, BYD took the title once more, and it held the #1 spot globally for five quarters in a row. Then, in Q1 2026, within the face of a giant drop in BYD gross sales (and broader China auto gross sales), Tesla received again the title … briefly. Now that we’ve Q2 2026 numbers in, we see that BYD received once more regardless of Tesla having its 4th finest gross sales quarter ever. BYD had 557,090 BEV gross sales, whereas Tesla had 480,126 BEV gross sales. You’ll be able to see the long-term quarterly pattern within the chart above and the graph under. Then I’ll get to a different subject….
One also can take a look at general car gross sales. BYD solely sells plugin automobiles, however not like Tesla, it sells plugin hybrids (with giant batteries) in addition to pure battery-electrics. Nicely, as you possibly can see within the chart immediately above and the graph under, BYD blows Tesla out of the water in whole passenger car gross sales. (No, I’m not including BYD’s industrial electrical automobiles right here….) Since Q2 2022, BYD has outsold Tesla. That’s 17 consecutive quarters.
In Q2 2026, BYD had 1,088,382 whole passenger car deliveries, whereas Tesla had 480,126 whole passenger car deliveries. In reality, with 471,091 car exports, BYD practically had as many gross sales exterior of its house market of China as Tesla had globally.
We’ll need to see what occurs in Q3. Any guesses?
Listed below are regular static photographs of the charts embedded above:
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