BYD overtakes Tesla's sales figures for the first time - 5 things that make the Chinese company so successful

Excellent battery production

BYD is the world's largest producer of batteries for electric vehicles and has its own battery production. Since batteries are an essential and expensive component of electric vehicles, BYD does not have to depend on suppliers here and can ensure itself a price advantage.

Government support

As part of the Chinese government's industrial policy, BYD received a lot of support and subsidies in the past. In recent years, however, this has been reduced, and more recently Tesla also benefits from government support in China.

Early entry into the market

BYD has been working on the development and mass production of electric vehicles far earlier than other manufacturers such as Tesla or Volkswagen. This gives the Chinese a certain technological advantage, as they have been able to gain a lot of experience in recent years.

Extensive product range

BYD offers a very wide range of electric models. In addition to various types of cars, these also include commercial vehicles such as buses or trucks. This speaks to a wide range of customers.

Focus on China

Unlike Tesla, BYD focuses almost exclusively on the Chinese market. Tesla, on the other hand, is more internationally active, which means that the Chinese manufacturer is not exposed to international competition in its home market.