What Elon Musk has to fear from China's 'Tesla killer'

BYD is now the world's biggest seller of electric vehicles

BYD Co. E5 electric vehicles in taxi livery at a lot in Shenzhen, China, on Wednesday, Jan. 17, 2024
BYD Co. E5 electric vehicles at a lot in Shenzhen, China, on Jan. 17, 2024
(Image credit: Qilai Shen / Bloomberg via Getty Images)

They're calling it the "Tesla killer."

A Chinese company, BYD, last year overtook Tesla as the world's leading seller of fully electric cars — and is now poised to grow even more, The New York Times said, "building assembly lines in Brazil, Hungary, Thailand and Uzbekistan" and expanding exports to Europe. Just a few years ago, BYD was merely a battery manufacturer. Now it's an automotive powerhouse. And that's gotten the attention of Tesla CEO Elon Musk. "Frankly, I think if there are not trade barriers established," he said in January, "they will pretty much demolish most other companies in the world."

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