After three years as the world’s most popular maker of battery-powered cars, Tesla was this week forced to hand back that crown to one of the industry’s least known yet most feared brands: China’s BYD.
Half year sales figures published on Tuesday showed that BYD — short for “build your dreams” — delivered 641,000 cars in six months, 300 per cent higher than the year before and ahead of Tesla’s 564,000.
In doing so, it managed to overtake Tesla before Volkswagen, Ford or General Motors, each of which had made this a public goal.
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