Chinese electric vehicle company BYD reported a record profit of 30.04 billion yuan in 2023, an 80.7% increase from the previous year.

BYD has overtaken Tesla as the world's top seller of electric vehicles.

The company has expanded into Asian, Latin American, and European markets, focusing on electric and hybrid models.

High production volume allows BYD to set competitive prices and maintain market pressure on rivals.

BYD has stopped producing gasoline-powered vehicles, committing exclusively to clean energy vehicles.

Despite the Chinese car industry facing challenges, BYD adapts its strategies to sustain its position as a leader in the global electric car market.