China's BYD surpassed Tesla in electric vehicle sales in Singapore in the first half of 2023.

China's BYD expanded its electric vehicle sales lead over Tesla in Singapore, according to government data for the first half of 2023, signaling a challenge for Tesla from Chinese rivals. This growth comes as Tesla faces profit margin issues and missed earnings targets. BYD's success in Singapore is part of a broader expansion across Southeast Asia, where it aims to dominate the EV market, despite traditional strongholds for Japanese and South Korean gasoline car brands.