BYD surpasses Tesla in sales: Unveiling 3 key facts behind its success
BYD sold more than 3 million new energy vehicles in 2023, 1.6 million battery-only vehicles and 1.4 million hybrids.
In the fourth quarter, BYD sold 526,409 battery electric vehicles (BEVs). It bested Tesla, which used to be the world's biggest BEV sellers, for the first time, with the latter selling 484,000 cars in the same period.
Elon Musk, the chief executive of Tesla, responded to a tweet from a user who asked, "Tesla VS BYD, is it possible to compare these two companies?"
"Tesla is an AI/robotics company that appears to many to be a car company," Musk replied.
So, what is BYD?