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Golden Ten Data, January 2 – According to multiple foreign media reports, China's BYD has surpassed Tesla to become the world's top-selling electric vehicle manufacturer. On January 1, BYD announced that its pure electric vehicle sales reached 2.26 million units in 2025, an increase of nearly 28% compared to 2024. Meanwhile, Tesla disclosed on January 2 that its sales have declined for the second consecutive year, with annual deliveries dropping by 8.6% to about 1.6 million units, marking the largest annual decline in the company's history and losing its position as the global leader in electric vehicle sales. Notably, BYD has not yet entered the US market, while China remains Tesla's second-largest market globally. Despite this, BYD has still managed to surpass Tesla in sales. (Global Times)

Golden Ten Data reported on January 2 that a certain exchange issued a clarification announcement in Hong Kong, stating its intention to amend several typographical errors in both the Chinese and English versions of the final offer price and allotment results announcement, which was originally published with a company issue date of December 31, 2025, and to provide some additional information.

According to Golden Ten Data on January 2, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated that although manufacturers continued to increase output in December—indicating that the goods production sector will contribute to further robust economic growth in the fourth quarter—the outlook for early 2026 appears less optimistic. In fact, the gap between production growth and declining orders is the largest since the 2008-2009 global financial crisis. Unless demand improves, the current level of factory output is clearly unsustainable. If production capacity has to be scaled back, employment will also be adversely affected. A key factor raising concerns about sales is the extent to which producers will have to pass on higher costs to consumers in the form of price increases, with rising costs still mainly attributed to tariffs. Input cost inflation slowed in December to its lowest level since January last year, which is somewhat encouraging. However, despite this cost trend suggesting that the impact of tariffs on inflation peaked as early as the summer, costs are still rising month by month at a relatively high rate, indicating that cost growth for U.S. businesses continues to outpace most other major economies' competitors.