In a watershed moment for the industry, a cut-price EV brand has become the world’s biggest producer of electric vehicles.
BYD became the largest electric vehicle company in the world in Q4 2023, CNN reports. During the last quarter of the year, the Chinese company, backed by Warren Buffett, sold 525,409 battery electric vehicles (BEVs). Tesla only sold 484,507, although it was still a record for Elon Musk’s venture.
The brand reportedly sold more EVs than Tesla in the…
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