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BYD overtakes Tesla as world's top EV maker
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economictimes.indiatimes.comTesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday.
The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles in the fourth quarter of 2023, said a company filing — up more than 11 percent from the previous quarter.
But this increase was not enough to maintain Tesla's crown as the world's top battery electric vehicle producer and seller, as Chinese rival BYD reported sales on Monday of 526,409 for the same period.
These figures underscore the challenges Tesla will likely face this year, from competitors keen to capitalize on the growing demand for EVs.
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