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by Dominique Dewitte
published on Wednesday, December 27, 2023 at 2:42 p.m. •
3 minutes reading time
Chinese auto giant BYD is on the verge of overtaking Tesla as the world’s best-selling electric vehicle brand, a significant milestone in the automotive industry.
Why is that important?
This shift not only marks a turning point in the electric vehicle market, but also highlights China’s growing influence in the global automotive sector. This has potentially significant implications for international trade dynamics and the future direction of automotive innovation.
In the news. Build Your Dream (BYD) is a relatively unknown Chinese car brand. But it is poised to dethrone Tesla as the leader in all-electric vehicle sales. This emerges from calculations by the news agency Bloomberg.
- This change highlights the shift in market dynamics. Traditional superpowers like Toyota, Volkswagen and General Motors are making way for new players like BYD and SAIC Motor Corp.
Zoom in. BYD
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