Electric Vehicles

Elon Musk’s Tesla Has Been Overtaken by China’s BYD as the World’s Top-selling Electric Carmaker

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Elon Musk's Tesla Has Been Overtaken by China's BYD as the World's Top-selling Electric Carmaker

BYD Co., a Chinese electric vehicle manufacturer, has surpassed Tesla to become the world’s largest maker of electric vehicles.

BYD Co, Chinese electric vehicle
BYD Co, Chinese electric vehicle

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​​.

BYD Co, Chinese electric vehicle
BYD Co, Chinese electric vehicle

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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BYD Co, Chinese electric vehicle
BYD Co, Chinese electric vehicle

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