Tesla is no longer the world’s biggest EV maker – here’s what you need to know about BYD

Tesla’s long-running rivalry with BYD, a Chinese EV maker that has the backing of US investor Warren Buffett, has just reached boiling point - with BYD posting sales figures for the October to December 2023 period that have bested Tesla for the first time. Elon Musk’s Tesla, which delivered a record-breaking 484,507 EVs in Q4, was still outdone by its closest rival, which notched up 526,409 electric vehicles in the same period, according to Reuters. The outspoken CEO set an ambitious target of delivering two million vehicles in 2023, but it was revealed that Tesla managed 1.8 million, while rival…