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BYD Beats Tesla as the World's Largest EV Seller
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China's BYD has surpassed Tesla as the world's biggest seller of electric vehicles, thanks to its vertical integration strategy. This approach allows BYD to produce EVs cheaply and offer a wide range of affordable models, maximizing sales and expanding market presence.
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How does BYD's success impact Tesla's position in the EV market?
How does BYD's vertical integration strategy work?
What are the advantages of producing most of a company's own components?
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