"BYD Dethrones Tesla with Record EV Sales, Becoming New Global Leader"

BYD has surpassed Tesla in electric vehicle (EV) sales, with the Chinese automaker selling 526,409 fully electric cars in the final quarter of 2023 compared to Tesla's 484,507. Despite a 38% increase in Tesla's year-over-year deliveries, BYD's total EV sales for 2023 reached 3,023,679, a 62% increase from the previous year. BYD's success is attributed to its focus on battery technology and a vertically integrated business model, contrasting with Tesla's emphasis on autonomous driving and high-tech features. As BYD continues to expand and innovate, including the launch of new EV brands and direct sales models, the competition between the two companies is expected to intensify in 2024.