BYD overtakes Tesla as world's top EV maker

Chinese EV manufacturer BYD reported sales on Monday of 526,409 for the fourth quarter of 2023. — Photography CHRISTOF STACHE/AFP

US car maker Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday.

The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles in the fourth quarter of 2023, said a company filing -- up more than 11 percent from the previous quarter.