Perhaps more surprising was that BYD also surpassed Ford Motor Company for No. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. That would certainly be a feat considering Toyota sold more vehicles last year globally at 11.3 million than BYD (~4.6 million) and Ford (~4.4 million) combined, by a fairly wide margin. This is one of the concepts the Chinese have used to dramatically undercut global competitor pricing without sacrificing advanced EV technology. If BYD can achieve its goal and overtake Toyota, it'll essentially do so with one hand tied behind its back.