Tesla's EV Crown At Risk As BYD Closes In With Breakthrough Charging Tech

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Tesla's EV Crown At Risk As BYD Closes In With Breakthrough Charging Tech - Benzinga

Quick Summary:

According to Counterpoint Research’s latest Global Passenger EV Forecast released Wednesday, BYD’s aggressive growth strategy, fueled by its technological innovations and vertically integrated production model, positions it as a strong contender in the electric vehicle market.

Chinese automaker BYD Co., Ltd.(OTC:BYDDY) (OTC:BYDDF) is reportedly on track to surpass Tesla and become the world’s top battery electric vehicle brand in 2025, capturing an impressive 15.7% global market share.

One of BYD’s most significant advancements is the introduction of its ultra-fast charging system, which sets a new industry benchmark.