People use their phones in front of the BYD Seagull that is displayed at the Auto Shanghai show, in Shanghai, China April 19, 2023.
BYD's Seagull hatchback sells for the equivalent of just over $10,000.
  • China is the world's biggest market for electric vehicles.
  • BYD is expected to overtake Tesla as the world's biggest EV maker when fourth-quarter data is released. 
  • China's control of battery supply chains and its focus on charging networks has boosted EV sales.

China's economy may be spluttering, with growth faltering and big property developers collapsing, but one industry has continued to rev harder.