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The EV market domination war is on ... BYD outsold Tesla for the first time by 41K vehicles (526,000 vs. 485,000) in Q4 2023. However, the table has turned back in Q1 2024 after Tesla outsold BYD by 87K vehicles (387,000 vs. 300,000)... #EV #Tesla #BYD #EVproduction #globalization #globaleconomy #worldeconomy #productioncapacity #energy https://lnkd.in/gqBcGkKR

The global electric vehicle (EV) market is witnessing fierce competition between major players like Tesla and BYD. Tesla, renowned for its premium vehicles and groundbreaking technology, has long been a trailblazer in the EV sector. On the other hand, BYD, a Chinese company, is swiftly expanding its market presence, especially in China, by emphasizing affordable EVs and plug-in hybrids. Notably, BYD's vertically integrated business model, encompassing battery production, provides it with a notable competitive advantage. Both Tesla and BYD are pivotal in propelling the EV industry forward through their emphasis on price competitiveness and technological innovations. As these two giants vie for market supremacy, the future trajectory of the EV market is expected to be significantly influenced by their strategies and advancements. Stay tuned as these industry leaders shape the landscape of electric vehicles through their ongoing competition and innovation. #ElectricVehicles #Tesla #BYD #EVMarketLeaders

Global #ElectricVehicle Market 2024: Rise of #China puts Tesla and #Europe under pressure. The global #EV market has seen an impressive takeoff in the first half of 2024. ▪ According to EV-volumes.com, two manufacturers dominate: BYD and Tesla . ▪ Together, these industry leaders accounted for more than 30% of the global electric vehicle market in the January-May period, highlighting their key role in the transition to the #ElectricVehicle. #BYD the undisputed leader. ▪ With a market share of 21%, BYD has sold 1.19 million vehicles worldwide. ▪ Its dual focus on all-electric (#EV) and plug-in hybrid (#PHEV) vehicles is key to its success, with PHEV sales up 54% in May compared to last year. ▪ In addition, BYD's affordable pricing strategy helps reach a wide range of consumers, enabling the company to expand its reach beyond China's borders and become a global player in the electric vehicle space.

Breaking News in the EV World! BYD has just outpaced Tesla in quarterly revenue for the first time, marking a potential shift in the electric vehicle landscape. As a tech enthusiast, I'm fascinated by this development and its implications for the future of transportation. Key points: • BYD Q3 2024 revenue: $28.2 billion (up 24% YoY) • Tesla Q3 2024 revenue: $25.2 billion • BYD's success driven by rapid new model releases • Tesla focusing on Cybertruck and self-driving tech This raises some questions: 1. Is this a temporary blip or a sign of changing market dynamics? 2. How will Tesla's innovation-focused strategy fare against BYD's diverse model approach? 3. What does this mean for traditional automakers in the EV transition? 4. EU is planning more taxes on Chinese vehicles, how would China respond? I'm eager to hear your thoughts! How do you see the EV market evolving in the coming years? #ElectricVehicles #EVIndustry #BYD #Tesla #AutomotiveInnovation #GreenTech #FutureOfMobility #TechTrends Let's discuss the future of sustainable transportation! 🔋🚀 Sources: Bloomberg

For the second time, Chinese EV giant BYD has surpassed Tesla to become the largest global seller of electric vehicles. Q4 of 2024 Recap: ☑BYD: A whopping 595,000 cars delivered! ☑Tesla: Under 496,000 EVs delivered. This monumental achievement not only highlights BYD's rapid growth and innovation but also showcases the competitive nature of the EV market. As more consumers embrace sustainable transportation, we're witnessing a fascinating race for dominance in this industry. #BYD #Tesla

🚔BYD looks set to become the world's largest BEV producer this year🚔   The battle for top global BEV producer has two main contenders, Tesla and BYD. BYD is on track to top Tesla for the first time this year.   Year-to-date, BYD has sold 1.27 million BEVs worldwide, while Tesla has sold 1.29 million units.   BYD set consecutive sales records in August and September and October. Tesla, on the other hand, is facing stagnating EV sales.   Rho Motion has analysed BYD's sales portfolio, EV production facility announcements, and challenges both Tesla and BYD face in the battle for top BEV producer.   Read here: https://lnkd.in/eDhyBk3C   #BYD #Tesla #EVMarket #ElectricVehicles #BEV #SustainableTransport #CleanEnergy #RhoMotion #AutomotiveIndustry #EVProduction #RhoMotion

After years on top of the global #electricvehicle market, #Tesla has lost the title of world’s largest #EVproducer to #Chinese powerhouse #BYD. In 2024, Tesla made 1,774,442 electric vehicles, 4,500 shy of BYD’s 1,777,965. After first surpassing Tesla’s quarterly #vehicleproduction in Q4 2023, BYD fell back behind its #US. #competitor in subsequent quarters. In Q4 2024, however, #China’s number 1 #carbrand #outproduced Tesla by almost 150,000 #vehicles, making it the world’s new leading #EVmanufacturer. While few people outside of China had heard of BYD just a couple of years ago, the #Shenzhen-based #electronics and #manufacturing giant rose to international fame in recent years, as its largest business unit/subsidiary #BYDAuto became one of the largest makers of #electriccars in the world and expanded beyond its #homemarket. BYD successfully pivoted from #internalcombustion vehicles to what’s known as “#newenergyvehicles” in China, i.e. #batteryelectricvehicles and #pluginhybrids. The company did so at breakneck speed, ramping up production of its #electric #passengervehicles at a pace matched only by what is now its largest competitor at the global scale: Tesla. #EV https://lnkd.in/gb4GK5Ez

The global Battery Electric Vehicle (BEV) market shows that Tesla and BYD are the two main players in this market. BYD grew slowly and Tesla lost market share year after year.