- Both BYD and Tesla saw year-on-year declines in their 2025 retail sales in China.
- In overall passenger vehicle retail sales, BYD ranked first with a 14.7% market share, while Geely ranked second with 11.0%.
BYD (HKG: 1211, OTCMKTS: BYDDY) maintained its top position in China's new energy vehicle (NEV) market in 2025, while Tesla (NASDAQ: TSLA) ranked fifth, despite both experiencing sales declines.
BYD's passenger NEV retail sales in 2025 came in at 3,484,525 units, down 6.3% year-on-year, according to rankings released Monday by the China Passenger Car Association (CPCA).
The company maintained its top position in 2025 with a 27.2% market share, though this was lower than the 34.1% recorded in 2024.
| Ranking | Automaker | NEV Sales | Market Share |
|---|---|---|---|
| 1 | BYD | 3,484,525 | 27.2% |
| 2 | Geely | 1,564,562 | 12.2% |
| 3 | Changan | 789,141 | 6.2% |
| 4 | SAIC-GM-Wuling | 772,147 | 6% |
| 5 | Tesla China | 625,698 | 4.9% |
| 6 | HIMA | 588,549 | 4.6% |
| 7 | Chery | 531,413 | 4.1% |
| 8 | Leapmotor | 529,503 | 4.1% |
| 9 | Seres | 422,920 | 3.3% |
| 10 | Xiaomi EV | 411,837 | 3.2% |
Tesla had 625,698 retail sales in China in 2025, down 4.8% year-on-year.
The US electric vehicle (EV) maker held a 4.9% share of China's NEV market in 2025, ranking fifth.
In 2024, Tesla achieved 657,102 retail sales in China, securing third place in the NEV market with a 6.0% share.
Geely Auto (HKG: 0175, OTCMKTS: GELYF) recorded NEV retail sales of 1,564,562 units in 2025, an 81.3% year-on-year increase, securing second place with a 12.2% NEV market share.
Changan Automobile (SHE: 000625) recorded NEV retail sales of 789,141 units in 2025, a 26.8% year-on-year increase, securing third place with a 6.2% NEV market share.
Xiaomi EV saw EV retail sales of 411,837 units in 2025, a 200.9% year-on-year increase, ranking tenth with a 3.2% market share.
In the overall market including both NEVs and traditional gasoline vehicles, BYD ranked first in 2025 with a 14.7% share based on retail sales. The company only manufactures NEVs, including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs).
| Ranking | Automaker | Sales | Market Share |
|---|---|---|---|
| 1 | BYD | 3,484,525 | 14.7% |
| 2 | Geely | 2,605,565 | 11% |
| 3 | FAW-Volkswagen | 1,531,276 | 6.4% |
| 4 | Changan | 1,400,820 | 5.9% |
| 5 | Chery | 1,348,409 | 5.7% |
| 6 | SAIC-Volkswagen | 1,062,429 | 4.5% |
| 7 | SAIC-GM-Wuling | 877,639 | 3.7% |
| 8 | FAW Toyota | 803,646 | 3.4% |
| 9 | GAC Toyota | 772,668 | 3.3% |
| 10 | GWM | 699,228 | 2.9% |
Geely recorded passenger vehicle retail sales of 2,605,565 units in 2025, a 46.9% year-on-year increase, securing second place in the overall market with an 11.0% share.
FAW-Volkswagen had retail sales of 1,531,276 units, a 4.8% year-on-year decrease, ranking third with a 6.4% market share.
In December alone, BYD's passenger NEV retail sales totaled 339,854 units, securing first place with a 25.4% market share.
| Ranking | Automaker | NEV Sales | Market Share |
|---|---|---|---|
| 1 | BYD | 339,854 | 25.4% |
| 2 | Geely | 135,989 | 10.2% |
| 3 | Tesla China | 93,843 | 7% |
| 4 | HIMA | 89,611 | 6.7% |
| 5 | SAIC-GM-Wuling | 68,777 | 5.1% |
| 6 | Changan | 61,630 | 4.6% |
| 7 | Seres | 57,778 | 4.3% |
| 8 | Chery | 51,723 | 3.9% |
| 9 | Xiaomi EV | 50,212 | 3.8% |
| 10 | Nio | 47,385 | 3.5% |
Geely's December passenger NEV retail sales totaled 135,989 units, ranking second in the NEV market with a 10.2% share.
Tesla's December retail sales in China were 93,843 units, securing third place with a 7.0% market share.
Xiaomi EV recorded December retail sales of 50,212 units, ranking ninth with a 3.8% market share.
Nio Inc (NYSE: NIO, HKG: 9866) ranked tenth with 47,385 retail sales in December, holding a 3.5% market share.
