Hyperdrive
Tesla to Lose EV Sales Crown to BYD, Bloomberg Intelligence Says
- Bloomberg Intelligence releases global electric car outlook
- Stalling EV demand to prolong ICE profits for legacy carmakers
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BYD Co. may eclipse Tesla Inc. in annual electric vehicle sales this year as demand surges in China but stalls in the US and Europe, according to Bloomberg Intelligence.
That’s a shift from January, when BI said it expected Tesla to stay ahead of BYD through the end of the decade.