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BYD Takes Lead in EV Market
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BYD surpasses Tesla as the world's leading EV maker, selling 526,409 electric vehicles in Q4 2023, while Tesla delivered 484,507. BYD also sold over 400,000 plug-in hybrid electric vehicles in the same period, intensifying competition in the EV market.
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How might BYD's rise as the top EV maker impact the global electric vehicle industry?
What factors are driving the increasing demand for electric vehicles and how are they influencing the market?
What strategies could Tesla employ to regain its position as the top EV maker?
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