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Tesla’s Top Rival Stumbles: BYD’s Profit Plunge Shakes the EV Market
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Tesla’s Top Rival Stumbles: BYD’s Profit Plunge Shakes the EV Market
From Battery Maker to EV Titan: BYD’s Meteoric Rise BYD (“Build Your Dreams”) has undergone a stunning transformation – from a humble battery producer into an electric vehicle powerhouse. The Shenzhen-based company, which started by making cellphone batteries, scaled its auto business to millions of units within a few years finanzen.net. In 2024 BYD sold about 4.27 million vehicles, firmly cementing itself among the world’s top five automakers f…
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