BYD reported record annual revenue of $116 billion in 2025, surpassing Tesla’s $94.8 billion, while net profit fell 19% to $4.7 billion — its first earnings decline since 2021. The world’s largest EV maker sold 2.26 million electric vehicles last year, a 28% YoY increase, as it expands into Latin America and Europe with a new fast-charging battery capable of near-full charge in nine minutes. BYD aims to sell 1.3 million vehicles overseas in 2026, up from 1.05 million, as it builds factories abroad.

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