China's BYD overtakes Tesla to reclaim lead in global EV race
China's electric-vehicle giant BYD has once again leapfrogged Tesla to become the world's largest battery-powered carmaker, driven by surging overseas shipments. BYD moved ahead of its US rival despite an 8.2% year-on-year drop in deliveries.
China's electric-vehicle maker BYD has once again overtaken Tesla to become the world's largest battery-powered carmaker. Surging overseas shipments played a decisive role in the shift.
BYD moved ahead of its US rival despite an 8.2% year-on-year decline in deliveries. Analysts said the result is the latest signal that China's strength in EVs is increasingly recognised by consumers around the world.
Tesla issued a statement on Thursday setting out its own delivery figures. Competition in the global EV market is set to intensify further in the period ahead, shaped by pricing, exports and a wave of new model launches from rival manufacturers on several continents.
Read next
Vietnam's economy accelerates to 8.39% growth in the second quarter
Vietnam's economy accelerated in the second quarter, expanding 8.39% year on year. One of the region's fastest-growing economies, built on a manufacturing- and export-led model, the country sustained its strong performance.
Embraer posts best second quarter in 16 years, led by business-jet deliveries
Australia expects extra US$26 billion from exports as Iran war lifts prices
Uruguay takes over Mercosur presidency, vows to modernize and open the bloc
