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BYD lead Tesla to become the world’s biggest electric car company by the final quarter of 2023.
Image (twitter.com/BYDCompany/media)
BYD sold a record number of cars last year, including 525,409 battery electric vehicles (BEVs) in the three-month period to December 31, according to a stock exchange filing.
Image (twitter.com/BYDCompany/media)
The rapid growth of BYD, which is backed by Warren Buffett, is a symbol of China’s rising EV industry.
Image (twitter.com/BYDCompany/media)
China is progressing quickly in its transition to electric vehicles. The strong government supports the industry.
Image (twitter.com/BYDCompany/media)
Beijing has set a target that at least 20% of new cars sold annually in China by 2025 should be new energy vehicles
Image (twitter.com/BYDCompany/media)
In the first 11 months of 2023, 8.3 million units of new energy vehicles were sold
Image (twitter.com/BYDCompany/media)
China’s leading role in the global industry is also thanks to its market scale, cheap labor and supply chain dominance, according to analysts.
Image (twitter.com/BYDCompany/media)
Last month, it announced it would build an EV factory in Hungary, which would be its first passenger car plant in Europe.
Image (twitter.com/BYDCompany/media)
The award-winning design of the BYD SEAL effortlessly captures the essence of timeless beauty. Featuring floating U-shape headlights, water drop taillights, and sculpted curves, it embodies a harmonious blend of form and function. pic.twitter.com/qttbCzE34F
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