Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker

(Bloomberg) — China’s BYD Co. Ltd. bills itself as the biggest car brand you’ve never heard of. It might need a different tagline soon.

The automaker is poised to surpass Tesla Inc. as the new worldwide leader in fully electric vehicle (EV) sales. When it does — probably in the current quarter — it will be both a symbolic turning point for the EV market and further confirmation of China’s growing clout in the global automotive industry.