Here's your T&B Tech Minute for Tuesday, January 2nd.

I'm Alex Oscela for the Wall Street Journal.

For the first time, Chinese Evie Maker BYD beat Tesla as the world's biggest seller of electric vehicles on a quarterly

basis.

BYD reported selling more than 526,000 fully electric vehicles in the fourth quarter, compared with Tesla sales of nearly 485,000.

Tesla cited delivered about 1.81 million EVs worldwide in 2023, meeting the company's

target for the year and slightly beating Wall Street's expectations.

Shares of Apple fell over 3.5% after a downgrade by analysts at Barclays.

Analysts said they lowered Apple's rating from equal weight to

bearish underweight because of weaknesses on iPhone volumes and a lack of

bounce back in Macs, iPads, and wearables. The move follows a strong 2023 for the company in which its stock rose

48% to end the year with a market cap of nearly 3 trillion dollars. And the Netherlands has blocked some exports from chip equipment manufacturer

ASML to China. The country stopped the company from shipping some

lithography systems which are essential to making advanced microprocessors.

In June, national security officials from the Netherlands, Japan, and the US

agreed that they would start restricting such exports in an effort to limit China's

access to advanced semiconductor technologies.

For a deeper dive into what's happening in tech, check out Wednesday's Tech News Briefing

Podcast.