Chinese company BYD will oust Tesla from the throne of electric cars at the end of 2023

  • International
  • 4 January 2024
1

The Chinese automobile manufacturer BYD has surpassed its American competitor, Tesla, after delivering a greater number of electric cars in the last quarter of 2023 around the world, amid expectations that it will maintain this lead position thanks to strong support from the Chinese authorities that strengthens the local market. .

The American company Tesla announced the delivery of 484,507 electric cars in the last quarter of 2023, which puts it in second place for the first time behind BYD.

BYD (an abbreviation for Build Your Dreams) is one of the most prominent brands of electric cars in China. The group stopped producing cars with combustion engines in 2022 to focus on hybrid and electric models.

Source (Al-Sharq Al-Awsat newspaper, edited)

 

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