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<h2>China&#8217;s BYD has become the world&#8217;s largest maker of all-electric vehicles (EVs)</h2>
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<p><p>In the last quarter of 2023, Tesla sold 484,507 EVs, marking an 11% increase from the previous quarter.</p>
<p>However, BYD sold 526,409 EVs, surpassing Tesla by a wide margin, according to the <a target="_blank" rel="nofollow noopener" href="https://www.nst.com.my/news-cars-bikes-trucks/2024/01/996673/byd-overtakes-tesla-worlds-top-ev-maker" title="Link: https://www.nst.com.my/news-cars-bikes-trucks/2024/01/996673/byd-overtakes-tesla-worlds-top-ev-maker">New Straits Times</a>. </p>
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<p>                <small class="img-credit">Image via <a target="_blank" href="https://www.nst.com.my/news-cars-bikes-trucks/2023/08/948766/chinese-electric-carmaker-byd-triples-half-year-profit" rel="noopener">New Straits Times</a></small>
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<h2>The rivalry highlights the challenges Tesla faces in the thriving EV market</h2>
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<p><p>That said, Tesla still sold the most EVs for the entire year, with over 1.8 million deliveries in 2023.﻿</p>
<p>In comparison, BYD sold a total of 1.6 million vehicles. </p>
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<h2>Tesla&#8217;s stock fell following the news of BYD besting the US automotive giant</h2>
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<p>The news of BYD likely spooked investors, causing Tesla&#8217;s stock to fall by 2.12% following the announcement.﻿</p>
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<h2>Follow SAYS Tech on <a href="https://www.facebook.com/saystech" target="_blank" rel="noopener">Facebook</a>, <a href="https://www.instagram.com/says.tech/" target="_blank" rel="noopener">Instagram</a>, &#038; <a href="https://www.tiktok.com/@saystech" target="_blank" rel="noopener">TikTok</a> for the latest in tech in Malaysia and the world!</h2>
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<p>The high-performance electric vehicle (EV) is expected to be launched in Malaysia in the first quarter of 2024.</p>
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BYD Beats Tesla To Become The World's Top EV Maker

BYD Beats Tesla To Become The World’s Top EV Maker