BYD overtakes Tesla as largest electric vehicle manufacturer

Chinese automaker BYD has recently overtaken Tesla to become the world's largest electric vehicle manufacturer. The company has announced a breakthrough in battery technology. This new battery can fully charge in just five minutes, offering a range of 400 kilometers (about 249 miles). This is significantly faster than Tesla's Supercharger stations, which typically output less power. BYD's new charging technology is being praised as a game-changer for electric vehicles. Industry experts noted that it could eliminate concerns over driving range that many customers have. The company plans to launch this fast-charging battery in China within weeks. Tesla has faced difficulties in recent months. Its stock value has dropped dramatically, and the company has seen a substantial decline in sales. In February alone, Tesla's shipments in China fell by 49%, amidst rising competition, especially from BYD. In Europe, Tesla sales have also decreased significantly. Elon Musk's controversial public persona has further affected Tesla's brand. His political ties and behavior have led to protests and boycotts against the company. Meanwhile, BYD has experienced rising sales, particularly in the UK, where registrations surged by nearly 700% last year. Though BYD is gaining market share, it still faces challenges, especially with brand recognition outside of China. Many of its vehicles are not yet available in the US. However, experts believe that BYD could quickly expand into international markets given its advancing technology. Musk's goal of promoting sustainable transport now faces serious competition. BYD's technological advancements could reshape the electric vehicle market and impact longstanding gasoline vehicle dominance.