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
China halts helium exports as Middle East tensions threaten chip supplies
China has halted helium exports as renewed Middle East tensions raise concerns over global supply chains. Helium is a critical cooling gas used in semiconductor manufacturing, and the halt threatens chip supplies worldwide.
Meta scraps AI image feature days after launch following privacy backlash
Formal China-US G2 framework key to 'guarantee' world peace, says top Beijing adviser
Milei plans regional investment tour, with a Bolsonaro visit that irks Lula
