Brief by Shorts91NewsDesk / 07:20am on 08 Apr 2025,Tuesday Business
Chinese EV maker BYD has overtaken Tesla in global sales, challenging both Tesla and Detroit's Big Three automakers. Its success stems from cost-effective, vertically integrated production and innovations like fast charging and advanced driving tech. Though barred from the U.S. by tariffs, BYD’s low-cost EVs, some under $10,000, threaten U.S. automakers abroad. Trade tensions may further aid BYD's global rise, with expansion into Mexico, Brazil, and Southeast Asia and plans for a Mexican plant. While some doubt its fast-charging claims, BYD’s affordability and efficiency give it a strong competitive edge in the global EV market. (PC: Manufacturing Today, Forbes & The New York Times)
