BYD is overtaking Tesla, but its EV dream skips the US for now

A Chinese electric vehicle brand that’s rarely spotted in the U.S. is quickly catching up to Tesla’s dominance of the global EV market.
BYD, which started in Shenzhen 28 years ago, delivered 547,917 passenger EVs, including hybrids, a category it’s known for, in the first quarter of 2023. The tally surpassed that of Tesla, which shipped around 422,000 vehicles during the period.
BYD, which is short for “Build Your Dreams,” has been the go-to affordable brand for Chinese consumers who are switching to plug-ins, a contrast to the social status associated with buying

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