These are the only profitable EV makers in 2025

Tesla and BYD still lead the pack. (Images: Supplied/Driven)

Sun, 06 Apr 2025

Despite booming interest in electrification, just four EV-exclusive carmakers posted a positive operating margin in 2024: Tesla, BYD, Li Auto and the lesser-known Series Group (responsible for China's Seres, Aito and Landian brands). According to newly released data from Rho Motion, profitability remains elusive across much of the EV sector, even as sales volumes climb. Tesla led the field with a 7.2% operating margin last year, marginally ahead of BYD’s 6.4%. However, the trajectories tell a deeper story: Tesla’s marg...

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