BYD Surpasses Tesla as Top EV Maker

Chinese automaker's strategic investments and diverse business portfolio contribute to its rise in the electric vehicle market.

BYD, a Chinese automaker, has surpassed Tesla as the top electric vehicle (EV) maker, selling more battery-powered vehicles in the fourth quarter.
BYD's success is attributed to its strategic investments, diverse business portfolio, and the Chinese government's support of the country's EV sector.
BYD's rise has been aided by its history as a battery maker, with its Blade battery being a significant factor in its growth in the EV market.
BYD is expanding aggressively overseas, selling cars in multiple countries and planning to open its first European manufacturing plant in Hungary.
Despite the competition, Tesla's Elon Musk has acknowledged BYD's competitiveness in the current market.