BYD, leveraging its cost advantages and strong Chinese market presence, has overtaken Tesla in global EV sales, necessitating BYD's continued focus on affordability and international expansion, while Tesla needs to diversify its lineup and reduce costs.

Data from JATO Dynamics shows that BYD’s Europe volumes rose 359% in April from last year as the company continues its global expansion efforts.

Chinese automaker BYD has officially launched its mid-size electric sedan, the e7, kicking off full-scale sales. The e7, which boasts dimensions similar to the Tesla Model 3, starts at a competitive price of 103,