Tesla Takes His Throne in Electric Car Sales for the First Time

Electric car giant Tesla lost its throne to another company in electric car sales for the first time in years. The company that managed to surpass Tesla was BYD, based in China and supported by Warren Buffett.

Tesla, the pioneer of the electric car transformation, suffered the biggest defeat in its history. China’s largest brand, increasing its presence in the electric car industry day by day BYDon sales in the first half of 2022 He left Tesla behind. Moreover, there was little difference between the ice.

According to the data shared by BYD, in the first 6 months of 2022, the company Sales of 641 thousand 350 electric cars performed. Tesla’s report covering the same period showed that the company made 564 thousand 743 sales. The shared data also included BYD’s shocking year-over-year growth rate.

It increased its sales many times more than Tesla in a year:

According to the data, BYD is in the first 6 months of 2022 compared to the first six months of 2021. 315% more vehicle sales performed. In Tesla, BYD’s biggest rival globally, this increase rate was limited to 46%. On the other hand, these sales rates do not mean that the electric cars of the two companies can be compared directly.

BYD’s many car models, unlike Tesla, which sells purely electric cars as a plug-in hybrid selling. But China also includes these cars in the group of ‘0 emission’ cars. Of course, the company also has fully electric car models. In addition, BYD’s strong position in the supply chain also reveals the company’s predictions that it will start selling batteries to Tesla. In fact, these estimations have been finalized recently with the statement of BYD Senior Vice President Lian Yubo. Yubo reported that BYD will start selling batteries to Tesla “very soon”.

BYD, famous investor It is also supported by Warren Buffett.

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Source :
https://fortune.com/2022/07/06/warren-buffett-byd-tesla-ev-sales-elon-musk-doubt-technology/


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