China’s BYD is rivaling Tesla in size. Can it also match its global reach?

This is a carousel. Use Next and Previous buttons to navigate BEIJING (AP) — A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released by the companies this week. Tesla retained the crown for all of 2023, but BYD’s sales have skyrocketed on the back of a government-driven EV boom in China. The rise of BYD and other…