Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla's EV crown — here's how
Publishing timestamp: 2024-01-04 18:47:17
Summary
The article discusses how BYD, originally a maker of mobile phone batteries, became a major player in the electric car industry. It highlights BYD's expansion overseas, its success in the EV market, and its strategic investments in battery technology. The article also mentions the support it received from the Chinese government and the challenges it faces in global expansion. The article concludes by mentioning the ongoing competition between BYD and Tesla in the EV market.
Sentiment: MIXED
Keywords: tesla inc, autos, business news, electric vehicles, elon musk, byd electronic international co ltd, transportation, china, shenzhen,