BYD IS WINNING THE GLOBAL RACE TO MAKE CHEAPER EVs!

By Gabrielle Coppola and Danny Lee - October 16, 2024 at 5:00 PM EDT

Malta, a tiny archipelago in the Mediterranean Sea, might not seem worth the attention of a disruptive new car brand. The nation of just under 564,000 is known as a sunny tourist destination with limestone sea cliffs, ancient temples and lax regulation. About 7,200 new cars were registered in the country last year, approximately one-seventeenth the volume sold in a single day in the US. Yet the Maltese market isn’t too small for BYD Co., the Chinese electric-vehicle giant.

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