BYD Co. Ltd. has dethroned Tesla Inc. in Hong Kong to become the city’s top-selling electric-vehicle brand in September as an influx of competitively priced models from the Chinese mainland continues to reshape the market.
The Chinese automaker registered 936 new EVs in the month, surpassing Tesla’s 853, according to the latest data from Hong Kong’s Transport Department. The shift marks a significant turning point in a market once dominated by Tesla, which in 2016 boasted one of the world’s highest per capita ownership rates in the city.
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