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BYD Overtakes Tesla as EV Market Leader
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BYD surpasses Tesla as the world's leading EV maker, selling 526,409 all-electric vehicles in Q4 2023, while Tesla delivered 484,507. BYD also reported 400,000 plug-in hybrid EV sales in the same period, intensifying competition in the electric vehicle market.
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How does the shift towards electric vehicles affect traditional automotive manufacturers and their business models?
How might BYD's dominance in the EV market impact the competitive landscape and industry standards?
What strategies are Tesla and BYD employing to stay ahead in the face of growing demand for electric vehicles?
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