"BYD Surpasses Tesla in Global Electric Vehicle Sales Race"
Chinese automaker BYD has surpassed Tesla as the world's top-selling electric car manufacturer, producing 3.02 million new energy vehicles in 2023 compared to Tesla's 1.84 million. While BYD's total includes both battery-only cars and hybrids, Tesla remains the leader in battery-only electric vehicle production. BYD's aggressive expansion includes plans for a new factory in Hungary and aims to sell 800,000 cars annually in Europe by 2030. However, an EU anti-subsidy investigation into Chinese electric vehicle imports could pose challenges. Meanwhile, the US is implementing protectionist measures and pressuring allies to limit technology exports to China, signaling heightened economic competition and trade tensions.
- China’s BYD overtakes Tesla as top-selling electric car seller The Guardian
- China’s BYD is selling more electric cars than Tesla CNN
- BYD tops Tesla on quarterly EV sales Axios
- China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023 The New York Times
- Today's top business headlines: Tesla, Apple, Disney, more Fast Company
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