From Torque News.

There is a question about Tesla vs BYD that may be very common these days. How did BYD actually overtake Tesla as the world’s top EV seller, and what does that really mean for everyday EV buyers and investors like you and me? See our coverage from Torque News at https://www.torquenews.com/1/how-ev-buyers-and-investors-can-navigate-market-now-byd-has-overtaken-tesla-worlds-top-ev-seller

Because this story sounds dramatic on the surface, but once you slow it down, it’s actually very practical and very evergreen.

According to reporting from Yahoo Finance and industry sales data, BYD delivered well over two million battery electric vehicles globally last year, while Tesla landed closer to about one point six million. That gap is not a rounding error. It’s hundreds of thousands of vehicles. And it didn’t happen overnight.

So how did BYD pull this off?

First, BYD plays a completely different volume game than Tesla. Tesla focuses on a tight lineup with a few global models. BYD, on the other hand, floods the market with options. Small city EVs, compact sedans, midsize SUVs, larger family vehicles, and they price many of them aggressively. In China and other global markets, BYD simply meets buyers where their budgets actually are.

Second and the other reasons are discussed in this video.

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com for daily automotive news. Also, follow us on Telegram at https://t.me/teslaev

Reference: Yahoo! Finance
https://finance.yahoo.com/news/byd-overtakes-tesla-world-top-154230852.html