The Rise of BYD: How the Chinese Automaker Dethroned Tesla in the EV Market

According to a report by the China Passenger Car Association, electric vehicle (EV) sales growth has slowed down,

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TitleTesla has fallen behind BYD in quarterly EV sales. Tesla delivered 1.82 million vehicles globally in 2023, up 37% from 2022, with about 473,000 units in the fourth quarter

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EV demand have prompted automakers including Ford Motor to pull back on their electrification plans

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Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023

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BYD Cuts Seal Prices, EV Sedan Now 18% Cheaper Than Tesla Model 31

BYD Seal, Starting Price Rs 60 Lakh, Launch Date 2024