Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

BYD overtakes Tesla as world’s top electric vehicle manufacturer

by January 2, 2024
January 2, 2024
BYD overtakes Tesla as world’s top electric vehicle manufacturer

China’s BYD has taken the lead over Tesla as the top electric car maker worldwide.

BYD, a Chinese automobile manufacturer, has surpassed Tesla, which is owned by Elon Musk, to become the number one seller of electric vehicles in the world.

Warren Buffett, the renowned American investor, has been a staunch supporter of BYD since 2008. It appears that the company will produce more cars than Tesla for the second year in a row.

BYD, Build Your Dreams, reported that 3.02m of its new energy vehicles were produced in 2023, surpassing Tesla’s 1.84m cars that were revealed on Tuesday.

BYD’s overall sales include 1.6 million battery-only vehicles and 1.4 million hybrids, putting Tesla in the lead when it comes to the production of just battery-powered autos.

In the final three months of 2019, BYD surpassed Tesla in purely electric vehicle sales; they sold 526,000 as opposed to Tesla’s 484,000.

BYD’s products are generally priced lower than Tesla, which obtains a fifth of its sales from China.

BYD and Nio, two Chinese electric car manufacturers, have been aiming to become major players in the international market, primarily Europe.

In December, Chinese auto maker BYD announced they would be constructing a new facility in Hungary. This is in conjunction with their current five models available for sale in Europe and the further three models they plan to launch this year.

In 2021, the firm stated that it would not be constructing its earliest European vehicle plant in Britain due to Brexit’s effects.

By 2030, the highest-selling electric car producer in China is striving to sell approximately 800,000 vehicles a year in Europe.

BYD declared that the United Kingdom was not among the top 10 possible sites for its first European car factory, as per a recent report in The Guardian.

Wang Chuanfu, a former professor from university, established the Hong Kong-listed BYD in 1995 and plans to become a major player in the international electric vehicle industry.

The development of technology in our modern world has been exponential, greatly surpassing our expectations. There has been a significant rise in the advancement of tech, far beyond what was predicted at the beginning of the 21st century. The speed of progress has been extraordinary, with more and more capabilities being added to the world of technology every day.

Read more:
BYD overtakes Tesla as world’s top electric vehicle manufacturer

0
FacebookTwitterGoogle +Pinterest
previous post
Bitcoin price breaks $45,000 barrier as US authority approval nears
next post
HMRC introducing new side hustle tax targets Britons making money online

You may also like

Twitter sued by King Charles over unpaid rent

January 24, 2023

Meta sued by 33 US states over claims...

October 25, 2023

Government’s January surplus disappoints at £15.4bn, piling pressure...

February 21, 2025

Why is cloud mining so popular?

February 5, 2024

The Ultimate Guide to Choosing the Best Bamboo...

March 7, 2023

UK retailers are missing out as shoppers are...

May 18, 2023

How is each train operator affected by the...

January 31, 2023

Employer costs for low-paid staff to jump by...

March 11, 2025

UK nightclubs face extinction as 10 venues close...

October 24, 2024

Last bank in paddock wood closes, impacting local...

July 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025
    • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

      June 5, 2025
    • Musk unleashes wild Epstein claim against Trump after being booted from DOGE

      June 5, 2025
    • Three Charts Showing Proper Moving Average Alignment

      June 5, 2025
    • Biden only hand-signed one pardon during final spree, and it was his most controversial one

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,542)
    • Stocks (3,129)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved