Tesla-killer BYD to grab leading share of luxury EV market

The Yangwang U8 from BYD

The luxury Yangwang U8 from BYD won’t likely appeal to western tastes, but its success has BYD wanting more. CFOTO—Future Publishing via Getty Images

China’s BYD outlined a new long-term strategy to boost sales and profits along with its sagging stock price, including plans to take a “leading position” in the luxury EV market.

Fresh from eclipsing Tesla in sales for the first time last quarter, the Warren Buffett-backed carmaker said…

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