Tesla has lost the No1 spot as the world's biggest electric car maker to BYD - a Chinese company that is little-known in the US.
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Tesla has lost the No1 spot as the world's biggest electric car maker to BYD - a Chinese company that is little-known in the US.
Elon Musk's Tesla said today it had delivered 484,000 cars in the final three months of 2023. It was more than analysts had expected.
But it was below the 526,000 battery-only cars handed over by BYD - short for Build Your Dreams - in the same period, the Chinese company reported on Monday.
Most Americans will never have heard of BYD, let alone seen one of their cars - which tend to cheaper than Tesla's - on the roads.
BYD cars are not sold in the US, and there are no plans to do so - despite it being backed by American investment guru Warren Buffett and plans to expand into other foreign markets.