Warren Buffett-backed BYD dethroned Tesla in the fourth quarter of 2023 as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival. BYD was founded by Wang Chuanfu and started making batteries for mobile phones in the 1990s. By 2003, it pivoted to autos and now has become the top car brand in China, as well as a major producer of batteries for electric vehicles. It’s now aggressively expanding globally, exporting over 240,000 cars across 70 countries last year. Elon Musk said in Tesla's Q4 earnings call that Chinese automakers will "demolish most other car companies in the world" unless regulators step in. With sights set on North America, BYD could try entering the U.S., but faces government opposition. CNBC explores whether BYD can sustain its relentless growth and what's next for this EV juggernaut.nnChapters:n00:00 - 02:29 Title card - The rise of BYD n02:30 Chapter 1 - Early daysn07:39 Chapter 2 - Vehiclesn10:41 Chapter 3 - Expansion outside ChinannProduced and Edited by: Andrew EversnSupervising Producer: Jeniece PettittnAnimation: Christina LocoponNarration: Robert FerrisnAdditional Footage: Tesla, BYD, Getty Imagesnn» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC nn» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision nnAbout CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. nnnConnect with CNBC News Online nnGet the latest news: https://www.cnbc.com/ nnFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC nnFollow CNBC News on Facebook: https://cnb.cx/LikeCNBC nnFollow CNBC News on Twitter: https://cnb.cx/FollowCNBC nnFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBC nn n nnHow Chinese EV Giant BYD Is Taking On Tesla
