EV Daily | BYD Surpasses Tesla in China EV Sales as Xpeng Expands to Italy Amid Global Market Shifts

【Tesla】

Tesla is experiencing a decline in deliveries in China despite increased Model Y production. The company is offering 0% financing to boost sales amidst fierce competition from Chinese automakers. Lower domestic deliveries are sometimes attributed to export focus, but current export levels are also down. Tesla's profitability in China is challenged due to discounted sales of cheaper models. Additionally, regulatory changes could negatively impact Tesla's financial performance and brand perception. The oil industry continues to benefit from subsidies, and Tesla may lose credits for its Energy division products if proposed tax changes go through. Tesla's Optimus humanoid robot development continues, with the company aiming to eventually produce millions of units annually. Despite progress, Tesla's robots still require human assistance and lag behind competitors.

【BYD】

BYD leads China's EV market, registering nearly 68,000 vehicles in a week, surpassing Tesla. BYD's premium sub-brands also show growth. The company sold over 195,000 fully electric cars last month, marking the first time in over a year that it sold more EVs than PHEVs. With continued growth in overseas sales, BYD outsold Tesla in key markets like Germany and the UK. New manufacturing plants in multiple global regions are expected to accelerate BYD's momentum. The company is expanding into new segments, including mini EVs, pickups, luxury vehicles, and supercars.

【Xpeng】

XPeng Motors has expanded into Italy as part of its global growth strategy, aiming to have half of its sales from overseas markets. XPeng plans to sell its G6 and G9 BEV models in Italy. The company aims to increase its market presence in over 60 countries by the end of 2025. In Q1 2025, XPeng reported 94,000 vehicle deliveries worldwide, with significant growth compared to 2024.

【Others】

The repeal of the Inflation Reduction Act could result in significant job losses in the US EV and battery manufacturing sectors. Republicans propose terminating various tax credits, including EV, energy efficiency, and solar credits, impacting jobs and increasing costs for American families. Nissan is pausing plans for a new EV battery plant in Japan and cutting jobs amidst weaker sales. Kia's electric van, the PV5 WAV, is designed for wheelchair accessibility and is part of Kia's new Platform Beyond Vehicle business. GM and LG Energy Solution unveiled new battery technology promising better efficiency for future EVs. ONOX's electric tractor prototype in Germany features modular battery swap technology. Toyota's 2026 bZ electric SUV offers improved performance and features. Geely is expanding into Poland, distributing its NEVs through Jameel Motors. Changes to US tax credits may allow Rivian's EVs to continue qualifying for federal credits beyond 2025.