BYD made more EVs than Tesla for the first time last year –proving that the world wants affordable electric options
SMRTR summary
BYD overtook Tesla in electric vehicle production for the first time in 2023, building 1.78 million EVs compared to Tesla's 1.77 million. Cheaper Chinese EVs are gaining popularity in emerging markets, with electric vehicles expected to outsell gas cars in China this year for the first time.
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