Investors may be surprised to see a comparison between BYD and Tesla.
Electric vehicle (EV) maker BYD ( BYDDY 2.30% ) isn't an automotive start-up. It's been manufacturing vehicles in China for more than 20 years. Its first new energy vehicle -- a plug-in hybrid -- was introduced in 2008. BYD then launched a fully battery-powered electric car the next year.
BYD can arguably be called the global EV leader even over Tesla . The Chinese company generates more revenue than Tesla, and it is still growing. One chart may convince investors that its stock is the better buy, too.
BYD's growth is accelerating
BYD has dominated EV sales in China, but it is now seeing growth in Europe. Registrations for BYD vehicles in Europe soared 225% year over year in July, according to the European