In Depth: BYD Gears Up for Global Electric Car Race

As the world’s largest auto show dazzled in Shanghai, Chinese electric vehicle maker BYD Co. Ltd. caught the limelight with the debut of several new models including an all-electric SUV marking the company’s fresh foray into the luxury market.

The showcase follows a year when BYD posted astonishing results, topping global EV makers with record sales of 1.8 million vehicles in 2022. It was the first year BYD abandoned fossil fuel car production and shifted completely to new-energy vehicles (NEVs).