Tesla to be dethroned as top EV

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Liam Gill
December 28, 2023

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China's BYD Company is gearing up to dethrone Tesla as the global leader in electric vehicle sales, a shift indicative of the rising tides in the EV market. This anticipated milestone pits BYD's billionaire founder, Wang Chuanfu, against Tesla's Elon Musk, with Musk recently revising his once dismissive view of BYD's cars. While Tesla grapples with the affordability of its EVs, BYD is aggressively promoting its more budget-friendly range, contrasting Tesla's pricier models. This development highlights China's rapid ascent in the global automotive industry, notably in electric vehicles, with a remarkable 1.3 million out of 3.6 million vehicles exported from China being electric as of October this year.

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