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BYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's.
BYD shares hit a record high in Hong Kong on Tuesday, rising 4% amid self-driving-tech integration. BYD said it would integrate self-driving features across 21 vehicles, using DeepSeek AI in some.
Tesla (NASDAQ: TSLA) and BYD (OTC: BYDDY) are ramping up the price war over market share in electric vehicles. Stock prices used were the afternoon prices of Dec. 4, 2024. The video was published ...
The company surpassed Tesla as the world's top battery electric vehicle manufacturer in the fourth quarter of 2023 by selling 526,409 battery electric cars, while Tesla delivered 484,507 vehicles. [ 8 ] [ 358 ] In 2023, 52.5% of BYD's sales volume were contributed by battery electric vehicles (including commercial vehicles).
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
BYD sold 1.57 million electric vehicles, up 73% on 2022, as well as 1.44 million hybrids. But that means Tesla’s gap over its Chinese rival, at about 230,000 units in 2023, was significantly ...