<p>Chinese company BYD is poised to dethrone Tesla as the world's top-selling electric vehicle (EV) manufacturer, reporting stellar fourth-quarter sales, according to&nbsp; Financial Times report.&nbsp;BYD's record 526,000 battery-only vehicles sold in the quarter, especially a December surge, present a formidable challenge to Tesla's supremacy.</p>

<h2><strong>BYD's milestone quarter</strong></h2>

<p>BYD, emblematic of China's prowess in clean technology, achieved a historic milestone by selling 526,000 battery-only vehicles in Q4, marking a more than 70 per cent&nbsp;increase in December sales. The surge positions BYD as a formidable contender to overtake Tesla as the leading EV manufacturer.</p>

<p>Tesla must surpass analyst expectations and deliver a robust fourth quarter to maintain its status as the largest seller of pure electric vehicles. Estimates project Tesla's Q4 sales around 483,000 vehicles, with official production figures awaited on Tuesday (Jan 2).</p>

<p><a href="https://www.wionews.com/india-news/elon-musks-tesla-to-set-up-first-indian-manufacturing-plant-in-gujarat-674748">Also read |&nbsp;Elon Musk's Tesla to set up first Indian manufacturing plant in Gujarat: Report</a></p>

<p>At the end of Q3, BYD and Tesla each held a 17 per cent global market share for fully electric cars. While BYD outpaced Tesla in Q2 by including plug-in hybrid vehicles in the "new energy vehicles" category, it now presents a significant challenge to Tesla in the pure electric vehicle segment.</p>

<p>BYD has secured a 35 per cent market share in China's "new energy vehicles" segment, primarily on home turf. Despite expanding into international markets, the group's stronghold in China remains a key driver of its success.</p>

<p>Founded in the mid-1990s by Wang Chuanfu, BYD initially focused on rechargeable batteries before venturing into the automotive industry. With Warren Buffett's Berkshire Hathaway as a shareholder, BYD has evolved into a leader in EV technology, emphasising cost-efficiency and vertical integration.</p>

<p><strong>Also watch |&nbsp;Tesla robot malfunctions, brutally attacks engineer</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/tesla-robot-malfunctions-brutally-attacks-engineer-674093/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>As BYD and Tesla engage in fierce competition, the broader industry shift towards cleaner vehicles has adversely affected traditional automakers slow to adapt. BYD's emphasis on innovation and cost-effective production processes positions it as a significant player in the evolving automotive landscape.</p>

<p><em>(With inputs from agencies)</em></p>


Chinese company BYD is poised to dethrone Tesla as the world's top-selling electric vehicle (EV) manufacturer, reporting stellar fourth-quarter sales, according to Financial Times report.

Chinese company BYD is poised to dethrone Tesla as the world's top-selling electric vehicle (EV) manufacturer, reporting stellar fourth-quarter sales, according to Financial Times report. BYD's record 526,000 battery-only vehicles sold in the quarter, especially a December surge, present a formidable challenge to Tesla's supremacy. BYD's milestone quarter BYD, emblematic of China's prowess in clean technology, achieved a historic milestone by selling 526,000 battery-only vehicles in Q4, marking a more than 70 per cent increase in December sales. The surge positions BYD as a formidable contender to overtake Tesla as the leading EV manufacturer. Tesla must surpass analyst expectations and deliver a robust fourth quarter to maintain its status as the largest seller of pure electric vehicles. Estimates project Tesla's Q4 sales around 483,000 vehicles, with official production figures awaited on Tuesday (Jan 2). Also read | Elon Musk's Tesla to set up first Indian manufacturing plant in Gujarat: Report At the end of Q3, BYD and Tesla each held a 17 per cent global market share for fully electric cars. While BYD outpaced Tesla in Q2 by including plug-in hybrid vehicles in the "new energy vehicles" category, it now presents a significant challenge to Tesla in the pure electric vehicle segment. BYD has secured a 35 per cent market share in China's "new energy vehicles" segment, primarily on home turf. Despite expanding into international markets, the group's stronghold in China remains a key driver of its success. Founded in the mid-1990s by Wang Chuanfu, BYD initially focused on rechargeable batteries before venturing into the automotive industry. With Warren Buffett's Berkshire Hathaway as a shareholder, BYD has evolved into a leader in EV technology, emphasising cost-efficiency and vertical integration. Also watch | Tesla robot malfunctions, brutally attacks engineer As BYD and Tesla engage in fierce competition, the broader industry shift towards cleaner vehicles has adversely affected traditional automakers slow to adapt. BYD's emphasis on innovation and cost-effective production processes positions it as a significant player in the evolving automotive landscape. (With inputs from agencies)

Chinese firm BYD nears overtaking Tesla as world's leading electric vehicle manufacturer

Global auto sector is struggling to cope with impact of COVID pandemic on global supply chains, British car manufacturers had their slowest November in 37 years as the sector struggled to cope with the impact of the coronavirus pandemic on global supply chains, industry data showed on Thursday.

British car manufacturers face slowest November in 37 years

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Chinese firm BYD nears overtaking Tesla as world's leading electric vehicle manufacturer

British car manufacturers face slowest November in 37 years