China’s BYD automaker surpassed US rival Tesla for the primary time in 2024 to develop into the world’s main producer of electrical vehicles, an achievement that exceeded even the expectations of the model’s CEO Wang Chuanfu, who predicted it could outsell its fiercest competitor someday this yr. For Elon Musk, it’s a tough tablet to swallow.
Inroads: How China’s BYD overtook Tesla as the global leader in electric cars
China’s BYD automaker surpassed US rival Tesla for the primary time in 2024 to develop into the world's main producer