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China’s BYD Outstrips Tesla as World’s Biggest EV Seller – FT

The Warren Buffett-backed auto firm’s rise underscores China’s growing prowess in electric vehicle manufacturing and renewable energy, the FT said.


BYD
Shenzhen-based car maker BYD recorded 641,000 sales in the first six months of 2022. Image: Jengtingchen / Wikicommonc

 

China car titan BYD, backed by Warren Buffett’s Berkshire Hathaway, has become the world’s leading electric vehicle company in terms of sales, the Financial Times reported.

The Shenzhen-based car maker recorded 641,000 sales in the first six months of the year, a surge of more than 300% from a year earlier, the report said. Tesla sold 564,000 vehicles in the same period, it added.

Read the full report: Financial Times.

 

 

Read more:

China’s EV Big Three Bounce Back With Strong June Sales

EV Batteries Recall Raises Questions Over BYD’s Transparency

Tesla Deliveries Drop as China Covid Shutdowns Take Toll

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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