Search results
Results from the WOW.Com Content Network
BYD sold 1.57 million electric vehicles, up 73% on 2022, as well as 1.44 million hybrids. But that means Tesla’s gap over its Chinese rival, at about 230,000 units in 2023, was significantly ...
BYD edged past Tesla at the end of 2023 after selling more than 3 million cars, with more than 80% of sales in China. The milestone highlighted BYD’s fast track to the top, as the company grew ...
Tesla sales fell last year for the first time in more than a decade, as demand faltered and rivals gained pace. The company, led by billionaire Elon Musk, delivered almost 1.79 million cars last ...
BYD is chasing down Tesla on EV sales, but the Chinese giant is much more than just a car company. As well as cheap EVs, BYD also makes batteries, buses, trains and even some iPhones and iPads.
The Chinese market accounted for over 85% of BYD’s automobile-related revenue in 2023, according to figures from BYD’s annual report. By comparison, China accounted for 22% of Tesla’s revenue.
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [13] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
The BYD brand distinguishes their passenger car line-up under three "series", namely the Dynasty series (started by the BYD Qin in 2012), a line of higher-end vehicles with "dragon-inspired" designs aimed at the traditional mass markets; [2] [3] the Ocean series (started by the BYD Dolphin in 2021), a line of "ocean-themed" vehicles based on new aesthetic designs by Wolfgang Egger and the ...
BYD Motors Inc. facility in Lancaster, California, in 2016. BYD opened a manufacturing plant for electric buses in Lancaster, California, US in May 2013. [274] [275] Another plant was inaugurated in Campinas, Brazil in 2015 for the production of electric buses. [276] BYD also opened a bus plant in 2019 in Newmarket, Ontario, Canada. [277] [278]