How BYD Outpaced Tesla in the Global EV Race and Eyes India’s Market
In 2011, Elon Musk openly mocked Chinese electric vehicle company BYD. However, by 2024, BYD sold 4.3 million EVs, far surpassing TeslaтАЩs 1.8 million. Now, Tesla is preparing to open a new store in India, while BYD has not yet received full government approval for entry, due to security and strategic concerns. This highlights that in technology and business, underestimating competitors can be costly. A company once ridiculed has become a leader, and the China vs. USA EV race is now set to unfold in IndiaтАЩs market.