BYD Dethrones Tesla as World's Best-Selling EV Maker

Chinese automaker BYD has become the world's top seller of electric vehicles (EVs). New data confirms it outsold its American rival, Tesla, for the full year. This is the first time BYD has achieved the top annual sales position. The shift highlights the rapid growth of China's EV industry. BYD sells both fully electric cars and plug-in hybrids. The company's sales surge is attributed to its broad range of affordable models and strong domestic demand. Tesla remains the leader in the market for purely battery-powered cars. However, BYD's overall sales, including hybrids, have now surpassed it globally. The competition between the two companies is expected to intensify. Both are expanding into new international markets.