BYD Is About to Steal Tesla’s Crown; Why China’s Winning the EV Race

BYD’s Seagull hatchback sells for the equivalent of just over $10,000.
Aly Song/Reuters

  • China is the world’s biggest producer of electric vehicles.
  • BYD is expected to overtake Tesla as the world’s biggest EV maker in the last three months of 2023.
  • China’s control of battery supply chains and its focus on charging networks has boosted EV sales.

China’s economy may be spluttering, with growth faltering and big property developers collapsing, but one industry has continued…

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