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Warren Buffett-backed Chinese automaker BYD dethrones Tesla as No. 1 in new electric vehicle sales

July 7, 2022
Source: nextshark.com nextshark.com
News Snapshot:
- Chinese automaker BYD dethroned Tesla as the leader in global new electric vehicle (NEV) sales in the first six months of this year. - The Shenzhen-based company sold over 640,000 vehicles from January through June, while Tesla sold 564,000. - Tesla exclusively sells fully electric cars while BYD’s car sales include hybrid cars with gasoline engines. - Tesla has blamed its sales performance on supply chain issues due to COVID-19, while BYD is predicted to have remained largely unaffected because it produces many of its parts in-house. - Billionaire Warren Buffet’s company, Berkshire Hathaway, was an early investor in...
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Tags: battery | BYD | car | China | Chinese | Covid-19 | electric vehicle | energy | Guangdong | investor | IT | loss | manufacturing | new energy | performance | power | production | sales | Shanghai | Shenzhen | social media | supply chain | Tesla | Total | Twitter

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