- The Chinese automaker BYD just reported its best quarter yet.
- Even though it doesn’t have access to the US market, BYD’s affordable EVs are popular in China.
- Here’s how a little-known Chinese brand proved it could go toe-to-toe with an industry giant.
BYD may not be a household name in America, but it recently made itself known in a big way.
For a brief moment in December 2023, the Chinese automaker unseated Tesla as the world’s top seller of electric cars. A little over a year later, on January 1, BYD reported its best quarter yet.
Even though you won’t see a BYD car in America (yet), the company has built an affordable brand that’s popular in China and elsewhere.
Earlier this year, it announced a Cybertruck competitor, the BYD Shark, along with a hybrid powertrain that allows its sedans to travel up to 1,250 miles without stopping.
Here’s the story of the company that proved it could outsell Elon Musk.
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