Part 5/10:
Interestingly, the bestselling vehicle in China is the Tesla Model Y—an electric vehicle priced two to three times higher than many of BYD’s cheapest offerings. Notably, Tesla is managing to sell its vehicles profitably, while BYD’s success in sales numbers could be misleading, given that a significant portion of its offerings still consists of internal combustion engine vehicles which are often marketed as “electrified” vehicles.