China’s BYD surpasses Tesla to become the largest electric vehicle manufacturer globally.
In the latest quarter, Elon Musk’s Tesla exceeded analysts’ expectations but relinquished its position as the leading electric vehicle manufacturer worldwide for the first time. Chinese rival BYD surpassed Tesla’s fourth-quarter deliveries, achieving record sales of 526,000 battery-only vehicles compared to Tesla’s 484,000. This shift in leadership highlights BYD’s ascent, a once lesser-known Chinese company that Musk had …