China’s BYD overtakes Tesla as world’s most popular EV maker

The passing of the EV sales crown reflects the shift in competitive dynamics between Tesla’s Elon Musk and BYD’s billionaire founder Wang Chuanfu. —Bloomberg

CHINA’S BYD Co bills itself as the biggest car brand you’ve never heard of. It might need a different tagline soon.

The automaker is poised to surpass Tesla Inc as the new worldwide leader in fully electric vehicle (EV) sales. When it does – likely in the current quarter – it will be both a symbolic turning point for the EV market and further confirmation of China’s growing clout in the global automotive industry.