The Globe and Mail reports in its Tuesday edition that Chinese corporate giant BYD Co. said Monday that it sold three million battery-powered cars in 2023, its most ever, capping a turbulent year for China's electric vehicle industry. A New York Times dispatch to The Globe says that even as sales surged, heavy competition and a sustained price war took a financial toll on many automakers. BYD last year sold 1.6 million fully electric vehicles and another 1.4 million hybrids. Together, that is a 62-per-cent increase over 2022. BYD is also making money, tripling its profit to $1.5-billion (U.S.) in the first half of last year. All told, Chinese automakers are expected to have sold about 9.4 million EVs and hybrids last year, an increase from 6.9 million in 2022, according to the China Association of Automobile Manufacturers. The group said it expected sales in 2024 to rise again, to 11.5 million. Already the world's largest car market, China is now also its fastest growing, racing ahead in the EV transition that is upending the global industry. China rules the supply chain for battery-powered cars. Tesla is expected this week to report a big jump in its worldwide sales after slashing prices at the end of last year.