BYD Surpasses Tesla in EV Deliveries
China’s BYD (OTC: BYDDY) has outperformed Tesla (NASDAQ: TSLA) in total electric vehicle deliveries, selling over 2.25 million units last year compared to Tesla’s 1.63 million. Though Tesla holds a significant market capitalization of approximately $1.4 trillion, BYD’s sales indicate its growing dominance in the EV market.
BYD’s strategy includes expanding its international reach, recently exploring dealership locations in Canada, while also spearheading innovations in battery technology. Despite experiencing a 19% drop in profits year-over-year, BYD aims for 1.5 million international sales, bolstered by increasing demand.
