Commenting on BYD’s growth in total sales in 2025, SMU Associate Professor of Finance Fu Fangjian highlighted that in international markets, smaller companies face natural disadvantages, giving BYD and other large firms clear advantages, and predicted that market share growth will accelerate as brands surpass initial thresholds. Other Chinese EV brands like Xpeng and Leapmotor also doubled sales, while Chery maintained its 23-year streak as China’s top exporter with over 1.34 million units.
