Chinese car manufacturer BYD has achieved a record-breaking profit of $1.3 billion for the first quarter of 2025, exceeding analysts’ expectations and surpassing Tesla for the second time this year. The company’s strong performance is attributed to growing demand for electric vehicles (EVs) in China and global markets. 2025 marks a period of significant growth for BYD, with their sales reaching almost one million units and targets for full-year sales exceeding five million units. BYD’s success is further bolstered by its strategic decision to avoid U.S. tariffs and focus on new market opportunities in South America and Southeast Asia. 2025 also marks a period of innovation, with BYD showcasing luxury models like the Yangwang U8L SUV at the Shanghai Auto Show, and their new fast-charging battery system that can charge vehicles in five minutes. This performance has attracted investors, leading to a significant stock price increase for the company.