Chinese EV Makers Outpace Global Competition, Led by BYD

Tesla CEO Elon Musk warns that without trade barriers, Chinese car companies could 'demolish' most others worldwide.

China's BYD has surpassed Tesla as the global leader in electric vehicles (EVs), with Chinese car companies now being described as the most competitive in the world.
China leapfrogged Japan in 2023 to become the largest purveyor of passenger cars to the world, exporting 3.8 million vehicles for a 62% increase in one year alone.
Chinese car companies are expanding globally due to a combination of their low prices, leading-edge EV technology, and China's rapidly deflating economy.
Western carmakers are facing increased competition as Chinese companies like BYD expand into Europe and potentially the U.S.
Tesla CEO Elon Musk has warned that without trade barriers, Chinese car companies will 'demolish' most other car companies in the world.