BYD Co., a Chinese electric vehicle manufacturer, has surpassed Tesla to become the world’s largest maker of electric vehicles.
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BYD’s rise to the top involved a strategy of vertical integration, producing most of its components, which allowed it to offer a range of affordable EVs. Additionally, BYD’s global expansion is supported by investments from Warren Buffett’s Berkshire Hathaway, and the company is actively building factories in Europe, Latin America, and Asia.
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BYD Company Limited or BYD is a publicly listed Chinese conglomerate manufacturing company headquartered in Shenzhen, Guangdong, China. It was founded by Wang Chuanfu in February 1995.
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