China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles
Counterpoint Research on Tuesday said China "remains a dominant force in the BEV market" with BYD leading the way.
Chinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge, according to a Counterpoint Research report.
"This shift underscores the dynamic nature of the global EV market," Counterpoint analysts said in the report released Tuesday.
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