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Image Source : Energyinfra market Screenshot 2024 07 04 172030

EV Market Shift: BYD's Growth Challenges Tesla's Dominance


Last Update 25 July 2024

BYD may surpass Tesla in annual EV sales this year due to strong demand in China, while Tesla's growth stalls. Bloomberg Intelligence forecasts BYD's lead could be temporary due to US and EU tariffs. Stagnant EV demand is also benefiting legacy automakers.

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