China’s BYD has overtaken Tesla to become the world’s top electric vehicle maker, as the US automaker recorded a second consecutive year of declining annual sales. Intensifying competition, the expiration of US tax incentives, and pressure on Tesla’s brand weighed on demand. Global electric vehicle sales rose about 28% last year, creating room for rivals […]
global auto industry
BYD set to overtake Tesla in global EV sales
SHENZHEN: China’s electric vehicle giant BYD is on track to surpass Tesla as the world’s largest EV seller in 2025, marking a major shift in the global auto industry as competition intensifies and market dynamics change. Read More: Chinese giant BYD partners with HUBCO to introduce EVs in Pakistan Both companies are expected to release their final […]