BYD has overtaken Tesla to become the world’s largest battery energy storage system (BESS) integrator, capturing 13% of the global market in 2025, according to new data from Benchmark Mineral Intelligence. This marks a significant shift in the energy storage market, with Chinese manufacturers now dominating the rapidly growing sector. Tesla, which held the top spot in 2023 and 2024, now accounts for 10% of the global market. BYD’s success can be attributed to its aggressive expansion plans, including its recent talks with Stellantis and other automakers to take over underutilized European factories. Electrek

Tesla has announced a $250 million investment in battery cell production at its Grünheide factory, more than doubling planned capacity to 18 gigawatt hours per year. The investment will create over 1,500 battery-related jobs and is expected to boost Tesla’s European production capabilities. The move comes as Tesla continues to expand its global presence, with a focus on increasing its battery production capacity to meet growing demand for electric vehicles. Electrek

BYD is in talks with Stellantis and other automakers to take over underutilized European factories, confirming its aggressive overseas expansion plans. The move is driven by surging demand for electric vehicles, with BYD seeking to increase its production capacity to meet growing demand. BYD’s executive vice president, Stella Li, confirmed that the company is holding discussions with multiple parties, including Stellantis, to acquire European factories. The deal is expected to boost BYD’s global presence and increase its competitiveness in the European market. Electrek