GUANGZHOU -- Chinese electric vehicle maker BYD is expanding operations overseas, setting a unit sales target for 2023 with an eye toward overtaking American rival Tesla.
Low profits drive maker into high-end segment, but company faces curbs overseas

BYD unveiled its luxury Yangwang brand on Jan. 5. (Screenshot from BYD website)
GUANGZHOU -- Chinese electric vehicle maker BYD is expanding operations overseas, setting a unit sales target for 2023 with an eye toward overtaking American rival Tesla.