Tesla is no longer No. 1: This is how a Chinese competitor surged past the EV pioneer [Los Angeles Times (CA)]
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Source: Los Angeles Times
Chinese EV manufacturer BYD sold hundreds of thousands more cars last year, and it's not just in China. In most of the countries where the Chinese titan went head-to-head with Tesla — including Germany, Mexico, Thailand and Australia — Tesla lost market share at an unprecedented rate. The end of federal support for EVs has bitten into Tesla's sales in the U.S., while backlash against Chief Executive Elon Musk's political posturing has damaged his company's reputation both at home and abroad. Globally, BYD is dominating with newer models, better batteries and lower sticker prices. “Tesla didn't just lose its sales crown, it squandered its position as a leader,” said Paul Blokland, co-founder of automotive data company Segment Y Automotive Intelligence. “As the U.S. industry retreats behind a wall of tariffs and abandoned EV plans, Asia has taken the torch.” In one of the most extreme examples of Tesla getting trumped, BYD vehicles swarmed roads in Europe last year. The Chinese
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