After overtaking their U.S. competitors in sales for the first time, Chinese carmakers are one step closer to fulfilling Tesla CEO Elon Musk’s prophecy that one day they would “demolish” most other car companies.
Chinese carmakers sold 13.43 million cars last year, outpacing the 11.93 million cars sold by American companies, according to a report by automotive data company JATO Dynamics. Warren Buffett-backed EV maker BYD produced the most popular Chinese car, a compact sedan called the Qin, and had two other vehicles in the top 25 most sold cars last year. Tesla, for its part, claimed the title of the best selling car in 2023 with the Model Y.
