Chinese companies are becoming more prominent in the electric car industry. Although Tesla has been selling the most electric cars in the world in recent years, BYD wants to take the lead with its new plans. Here is BYD’s revenue report, which draws attention with its affordable electric cars.

What’s going on between Tesla and BYD?

BYD is preparing to overtake Tesla as the world’s largest electric vehicle manufacturer. Focusing on both affordable and high-tech vehicles, the company has attracted attention with its rise in recent years. This shows that it is ready to leave Tesla behind.

BYD’s global vehicle deliveries in 2023 are estimated to have reached 500 thousand units in September. In contrast, Tesla delivered approximately 545 thousand electric vehicles in the same period. However, BYD’s shipments of more than 100 thousand vehicles per quarter revealed that it could overtake Tesla in the last quarter.

BYD, known for producing more affordable electric cars than Tesla, has also performed extremely well in international evaluations. For example, the Dolphin and Atto 3 models won the Car of the Year awards in New Zealand.

It should be noted that BYD has also been selling in Turkey since September. The company, which entered our country with its SUV named Atto 3, sells at 1 million 690 thousand TL.

While Tesla remains an iconic brand, its pricing has lagged behind Chinese brands. Companies like BYD have managed to spread electric vehicles to a much wider audience by offering vehicles under 30 thousand dollars.

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