China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles

BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. BYD's second-quarter battery EV sales jumped nearly 21% year on year to 426,039 units, according to CNBC's calculations. Tesla's second-quarter deliveries fell 4.8% to 443,956 vehicles. Chinese electric vehicle startup BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge, according to Counterpoint Research released Tuesday. L ...