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The Rise of BYD: China’s Answer to Tesla in the Global Electric Vehicle Market
BYD, or Build Your Dreams, has emerged as a formidable rival to the world-renowned electric car maker, Tesla. With shares skyrocketing following the announcement of an anticipated doubling of third-quarter profits from the previous year, BYD has overtaken Tesla in quarterly production. The Chinese electric vehicle (EV) manufacturer now stands second to Tesla in global…