BYD Receives Prestigious AUTOBEST "Best Company of 2025" Award

BYD was awarded the AUTOBEST “Best Company of 2025” award after the BYD Dolphin won the “Europe’s Most Worth Buying Car of 2024” award last year.

AUTOBEST, the largest European independent automotive media award organization.

The selection committee was composed of media members from 31 European countries whom unanimously chose BYD for the title of “Best Company of 2025”.

BYD’s award will be officially presented at the 24th AUTOBEST ceremony in May 2025.

Li Ke, EVP and President of BYD Americas, said “We are very pleased to receive recognition from the AUTOBEST jury. On the occasion of BYD's 30th anniversary, we hope to provide more users with sustainable travel options and help realize the vision of 'cooling the earth by 1'. In the past two years, BYD's new energy vehicles with advanced technology have been loved by more and more local users."

AUTOBEST Chairman Dan Vardie added that “This award is a recognition of the company's outstanding performance. BYD's high-quality development in technology, models and brand is amazing."

By the end of 2025, BYD expects to expand its sales network to more than 500 dealerships in Europe.

BYD’s export volume has been on a flat trend since the EU tariffs have been implemented officially on July 5, 2024.

The new tariffs were imposed on a case-by-case on top of the EU tariffs of 10%. BYD faces additional 17.4% tariffs rate, lower than Geely’s 19.9% and SAIC’s 37.6% tariffs rate.

BYD’s extra tariffs are the second lowest, behind Tesla’s 7.8%. If export volume is any indication, EU tariffs did effectively slow down BYD’s growth in Europe, delivering 27.841 vehicles to global markets in November 2024.

Moreover, BYD has now experienced two consecutive month of export decline year-over-year, with October and November exports falling by 9.4% and 9.1% YoY, respectively.

On a cumulative basis, BYD’s total export in 2024 remains robust with 349,197 vehicles exported to international markets, compared to 206,664 units in 2023 at this time of the year, a 69% year-on-year growth.