Reported 12 months ago
Chinese electric vehicle brand BYD has been expanding its presence in the global market, surpassing Tesla in sales in the fourth quarter of 2023 to become the largest electric vehicle manufacturer worldwide. Market research firm Counterpoint Research predicts that global electric vehicle sales in 2024 will exceed 10 million units, with BYD's market share expected to grow significantly and surpass Tesla. The report also highlights China's dominance in electric vehicle sales until 2027, with expectations that Chinese electric vehicle sales will be four times higher than North America in 2024.
Source: YAHOO