Is Tesla Still the Most Valuable Car Company in the World?
The Global Small Business Blog
APRIL 4, 2024
©iStock/sarawuth702 Metallurgy graduate Wang Chuanfu founded BYD in 1995. BYD is a small Chinese company focused on producing rechargeable nickel-cadmium batteries more cheaply than Japanese competitors. Nearly 30 years later, the Shenzhen-based firm has become the world’s leading manufacturer of electric vehicles (EVs), even surpassing American giant Tesla (TSLA) in global sales of pure-play electric cars in the last quarter of 2023.
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