BYD’s deliveries fell sharply in December, closing a volatile year for China’s electric vehicle market amid weak domestic demand and an aggressive price war.

The company delivered 414,784 vehicles in December, down from 474,921 in November.

Despite this, BYD met its revised 2025 sales target of 4.6 million vehicles, lowered by 16% due to slowing demand.

Overall, it remained China’s EV market leader with more than 4.54 million passenger vehicle deliveries in 2025, a 6.94% increase from 2024, CNBC has reported.

BYD’s sales significantly outpaced Tesla’s 735,274 Model Y and Model 3 deliveries in China through November.