Chinese automaker BYD has overtaken Tesla in the future readiness rankings, an indicator referring to a company’s ability to anticipate and adapt to external changes, Xinhua reported today.

The “Future Readiness Indicator 2025” report compiled by Swiss-based International Institute for Management Development (IMD) found the automotive industry being upended by electrification, digitisation, and geopolitical shifts.

“Any overnight success is decades in the making,” said Howard Yu, director of IMD’s Center for Future Readiness, to Xinhua ahead of the report’s launch.

“What makes BYD extraordinary is the integration of battery semiconductor chipsets and manufacturing.”

BYD, along with Tesla and two other Chinese electric vehicle manufacturers, Geely and Li Auto, now occupy the top four spots in the auto category.

“The top tier is dominated by companies with a strong EV and software focus,” Yu noted.

Tesla CEO Elon Musk

The 2025 indicator assesses 40 financial institutions, 21 automakers, and 26 consumer packaged goods firms on criteria including innovation, regulatory agility, and customer engagement.

The localisation efforts by Chinese companies allow Western audiences to recognise them not just as Chinese brands with advanced technology, but as truly global enterprises that adapt to local markets, Yu highlighted.

- Bernama

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