Leapfrogging: The Chinese Auto Industry's Leap Forward

BYD's leap forward is impressive, comparable to that of Ford Motors after the First World War, when with the Model T, introduced in 1908, it revolutionised the auto industry and ushered in the motorisation of the 20th century. In just five years, from 1920 to 1924, Ford's sales quadrupled from 460,000 to 1.9 million. Tesla Motors made a comparable leap forward in 2020-24, more than tripling its sales from 500,000 to 1.7 million.