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China’s BYD set to overtake Tesla as world’s top EV seller

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China’s BYD set to overtake Tesla as world’s top EV seller


China’s BYD is set to overtake Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival for annual sales.

On Thursday, BYD said that sales of its battery-powered cars rose last year by almost 28% to more than 2.25 million.

Tesla, which is due to reveal its total sales for 2025 later on Friday, last week published analysts’ estimates suggesting that it had sold around 1.65 million vehicles for the year as a whole.

The US firm has faced a tough year with a mixed reception to new offerings, unease over Musk’s political activities and intensifying competition from Chinese rivals.

Chinese firms such as Geely, MG, and BYD – now the country’s largest electric car company – have put pressure on Western rivals by pricing their vehicles below established brands.

In October, Tesla responded by launching lower-priced versions of its two best selling models in the US in a bid to boost sales.

Musk, who is already the world’s richest man, is tasked with significantly boosting Tesla’s sales and stock market value over the next decade to secure a record-breaking pay package. The deal, which was approved by shareholders in November, could see him getting a payout of as much as $1tn (£740bn).

As part of the agreement, Musk also has to sell a million humanoid robots over the next ten years. Tesla has invested heavily in its “Optimus” product and self-driving “Robotaxis”.

Tesla sales slumped in the first three months of 2025 after a backlash against Musk’s role in US President Donald Trump’s administration.

Besides Tesla, the multi-billionaire’s business interests also include the social media platform X, the rocket firm SpaceX and the Boring Company, which digs tunnels.

Those commitments, along with running Trump’s Department of Government Efficiency (Doge), led some investors to suggest that Musk was not focusing enough on Tesla.

Since then Musk has pledged to “significantly” cut back his role in the US government.

Despite BYD’s rise in recent years, its sales growth slowed in 2025 to the weakest rate in five years, in part due to fierce competition in China, its key market.

Still, BYD remains a global EV powerhouse as its prices often undercut rival carmakers.

The Shenzhen-based company’s rapid expansion – especially in Latin America, South East Asia and parts of Europe – comes despite many countries imposing steep tariffs on Chinese EVs.

In October, BYD said the UK had become its biggest market outside China. The firm said that its sales in Britain surged by 880% in the year to the end of September, driven by strong demand for the plug-in hybrid version of its Seal U sports utility vehicle (SUV).



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Restaurants raising prices to keep the doors open

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Restaurants raising prices to keep the doors open



The Pavilion took to social media to reveal cost pressures



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After 11 Years At Amazon, A Midnight Email Announced Indian Techie’s Layoff: ‘Suddenly Everything Was Gone’

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After 11 Years At Amazon, A Midnight Email Announced Indian Techie’s Layoff: ‘Suddenly Everything Was Gone’


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After 11 years at Amazon, the Indian-origin techie who lost his job shared that his teenage daughter helped him stay positive.

He is now learning AI and working on a side project.  (representative image)

He is now learning AI and working on a side project. (representative image)

Losing a job after more than a decade at the same company is never easy. For this man, it came as a sudden shock. The Indian-origin tech professional, Hemant Virmani, who lives in Washington, had worked at Amazon for over 11 years before he was laid off in October 2025.

In an essay published by Business Insider, the 47-year-old opened up about how he dealt with the setback. He also shared how his teenage daughter’s resilience during her own difficult time changed the way he viewed his situation.

Layoff Email Changed Everything Overnight

Virmani said he found out about the layoff through a middle-of-the-night email. “Amazon was part of my daily life for 11.5 years, and suddenly it was gone,” he told Business Insider. He had been working as a senior software development manager.

He admitted there is “no right way or easy way” to conduct layoffs. While he had seen others lose their jobs in 2023, facing it himself felt very different. The next morning, he had a 30-minute meeting with his manager, who shared the news in what he called a “positive, human way.” A former manager also met him at a coffee shop to check on him.

Daughter’s Strength Gave Him A New Outlook

In the first few days, Virmani said he struggled to accept what had happened. But he began thinking about how his daughter had handled a difficult time in her own life the year before.

“She had an adverse situation happen to her last year that required recovery. How she reacted in that difficult time inspired me. Her mental model was: ‘Challenges don’t have to keep me from showing up for myself or for others.’ Her positive attitude was an inspiration for me to do the same,” Virmani recalled.

“I kind of learned from her that I had to take this layoff with positivity, keep my cool, and focus on what was next,” he added.

Soon after, he faced another personal loss when his father passed away. He travelled to India and spent about a month with family, thinking about his life and career.

Focusing On What Comes Next

Virmani now calls the break a “refreshing change.” He said he is less worried about the brand name of his next company and more focused on meaningful work. He has started learning more about artificial intelligence and is working on a hobby AI project.

He is applying for head-of-engineering roles and networking actively. He is also taking care of his health, going to the gym several times a week.

“My advice to anyone undergoing layoffs is to realise that layoffs are not about you. It’s about an environment that is driving layoffs. Secondly, now that this has happened, you can’t go back in the past and change it. Look forward to what you can do next. How you react is very important,” he said.

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Hyatt Hotels chairman steps down over Jeffrey Epstein ties

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Hyatt Hotels chairman steps down over Jeffrey Epstein ties



Billionaire Thomas Pritzker said he had exercised “terrible judgement” in keeping contact with Epstein.



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