Race for Global Electric Vehicle Supremacy: BYD Emerges as Strong Contender

BYD, a Chinese electric vehicle (EV) manufacturer, is positioned to surpass Tesla as the global leader in fully electric vehicle sales.
Unlike Tesla, BYD's founder, Wang Shang Fu, has taken an offensive stance by offering a range of higher volume models at significantly lower prices.
BYD's lineup includes half a dozen models more affordable than Tesla's cheapest offering in China, contributing to its rapid gain in market share.
BYD benefits from government subsidies and has a unique position as both an automaker and battery manufacturer, providing a competitive edge in the EV market.
Despite its success, BYD faces challenges on the global stage, including potential higher tariffs in European markets and difficulties in the U.S. market due to escalating trade tensions.

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