BYD becomes the world's largest traction inverter supplier

In terms of inverter suppliers, BYD surpassed Japan's Denso in the third quarter of 2024 and continued to maintain the highest global market share in the fourth quarter, reaching 20% ​​market share. Denso's share fell to 13%. Tesla ranked third with an 8% market share, INOVANCE Technology ranked fourth with a 6% market share, and Huawei became the world's fifth largest supplier for the first time with a market share of 4% thanks to the hot sales of the Askjie series.