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.

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,

BYD's success in the EU comes despite the economic bloc's imposition of punitive tariffs on battery electric vehicles made in China last October.BYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last month — a "watershed moment" for the region's car market,