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Metallurgy graduate Wang Chuanfu based BYD in 1995. BYD is a small Chinese language firm targeted on producing rechargeable nickel-cadmium batteries extra cheaply than Japanese rivals.
Practically 30 years later, the Shenzhen-based agency has grow to be the world’s main producer of electrical autos (EVs), even surpassing American big Tesla (TSLA) in international gross sales of pure-play electrical automobiles within the final quarter of 2023.
However the two corporations are nonetheless operating neck and neck, with Tesla regaining its crown within the first quarter of 2024.