BYD Can Take the Lead in EV Deliveries. Tesla Will Pass Toyota in a More Important Race.

China’s


BYD


wants to challenge


Tesla


for its crown as the biggest EV maker. It just might succeed, but


Tesla


could snag a more important prize held by Toyota Motor.

On Friday,


BYD


(ticker: 1211. Hong Kong) reported its monthly delivery results for November. The company delivered 113,915 all-electric passenger vehicles, up 147% compared with the 46,137 it handed over to customers in the same month a year earlier.