BYD surpasses Tesla as top EV maker in Q4 2023
CNBC — March 26, 2024, 02:00 PM UTC
Summary: In Q4 2023, Warren Buffet-backed BYD surpassed Tesla as the world's top EV maker, selling more battery-powered vehicles. BYD's success is attributed to its competitive pricing, with models starting under $20,000. The company specializes in lithium-iron phosphate batteries, costing 30-40% less to manufacture than lithium-ion. BYD exported over 240,000 cars to 70 countries in 2023 and plans to enter the U.S. and European markets.
Article metrics
Significance7.0
Scale9.0
Magnitude8.0
Potential8.5
Novelty7.0
Actionability6.0
Immediacy9.5
Positivity8.0
Credibility9.0