<ul><li>Chinese EV maker BYD has surpassed Tesla's quarterly revenues from EV sales for the first time.</li><li>BYD's success is attributed to its lineup of affordable EVs, such as the Seagull, sold for under $10,000 in China.</li><li>BYD's expansion into luxury vehicles and global markets, focusing on emerging markets like Mexico and Brazil, has contributed to its growth.</li><li>BYD's hybrid range, including plug-in hybrid electric vehicles, has been successful in a market where hybrids are popular, with hybrid sales rising by 62% YoY.</li><li>BYD's vertically integrated supply chains allow it to control production and reduce costs, as it manufactures almost every component in-house.</li></ul>

5 reasons BYD is surging ahead after eclipsing Tesla's quarterly sales for the first time

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