Source: Tech – South China Morning PostChina’s BYD has pulled ahead of Tesla, becoming the world’s biggest maker of fully electric vehicles (EVs). The shift reflects more than the fortunes of the two companies. Tesla’s dethroning shows how China’s EV sector, built around dense supplier networks, fast iteration and strong policy support, is setting the pace for the rest of the world.
The shift is even more notable considering that BYD was barely known outside China a decade ago. Now BYD is outpacing its competitors, delivering more…Read More