BYD Overtakes Tesla as Top Electric Vehicle Maker

Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla's EV crown — here's how 🔗

BYD dethroned Tesla in the fourth quarter as the top EV maker, selling more battery-powered vehicles than its U.S. rival.

The article discusses how Chinese electric vehicle (EV) maker BYD has dethroned Tesla as the top EV maker, highlighting its history, strategic investments, government support, and global expansion. Founded in 1995 as a battery maker, BYD pivoted to autos in 2003 and made strategic moves in the EV space, including the launch of the Blade battery. The company's success can be attributed to its diversified businesses, government support, and strategic positioning in the mid-range market. BYD's global expansion involves not only selling cars but also manufacturing and materials. The article also suggests that the battle between Tesla and BYD is set to continue, with BYD potentially seeing faster growth in the coming months.