BYD Overtakes Tesla as Top EV Seller in Late 2023, But Tesla Regains Lead in Early 2024

BYD was founded in 1995 as a battery company, but is now the world's top EV manufacturer, competing closely with Tesla
BYD surpassed Tesla in global BEV sales in Q4 2023, but Tesla regained the lead in Q1 2024
BYD's more affordable EVs have fueled its rise, though it doesn't yet sell cars in the US market
Both companies are expanding globally, with China as a key battleground market
BYD sold 3 million electric cars globally in 2023, including 1.6 million BEVs, compared to Tesla's 1.8 million BEVs