It has been said that this is a clear signal of China’s rising dominance of the electric vehicle sector.
Shenzhen-based BYD sold 641,000 vehicles in the first six months of the year, a more than 300 percent jump from the same period a year earlier, according to company filings.
That compared with 564,000 vehicles sold by Tesla, which has blamed a tough second quarter on supply chain and sales disruptions in China after its operations were hit by coronavirus lockdowns and travel restrictions.
BYD, which is part-owned by Buffett’s Berkshire Hathaway, has overtaken South Korea’s LG as the world’s second-biggest producer of EV batteries.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Lifestyle News Click Here
