China’s BYD Overtakes Tesla as the World’s Largest EV Company

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that China’s BYD has overtaken Tesla as the world’s largest EV company, generating $100 billion in revenue compared to Tesla’s $97 billion. BYD benefits from dominating China’s massive EV market, while Tesla relies on sales across multiple regions. However, steep tariffs—like the 100% import tax in the U.S.—make it unlikely that BYD will challenge Tesla in Western markets in the near future.