"BYD Dethrones Tesla in Global EV Sales Race as 2023 Deliveries Soar"
BYD, a Chinese electric vehicle (EV) manufacturer, has surpassed Tesla in global EV sales, becoming the world's top seller by the end of last year. Founded in 1995 by Wang Chuanfu, BYD started as a battery maker and has since expanded into producing affordable electric cars, plug-in hybrids, and electric buses, with significant markets in Israel and Thailand. The company's rise was bolstered by an investment from Warren Buffett in 2008 and is supported by the Chinese government's push for EVs. Despite not yet selling passenger cars in the U.S., BYD's electric buses are made and sold in California. The company's competitive pricing and advancements in battery technology, such as the Blade Battery, have contributed to its success against Tesla, particularly in the Chinese market.