Let’s see what the numbers say.
BYD, the Chinese automaker group backed by Warren Buffett’s Berkshire Hathaway, has become the world’s biggest electric vehicle manufacturer saleswise in the first half of the year.
According to company filings, BYD increased its sales by more than 300 percent compared to the same period of 2021 and sold 640,000 vehicles in the first six months of the year. Comparing that number to Tesla’s 564,000 vehicle sales, even though most of them were hybrid vehicles that utilize both electric and internal combustion engines, Chinese regulations consider hybrid vehicles zero-emission too. Therefore, BYD technically sold more “electric vehicles” than Tesla.
Tesla also had a tough second quarter due to supply chain issues and sales disruptions due to COVID restrictions. Tesla, along with some Chinese EV makers, including Li Auto, Xpeng, and Nio, were more impacted by the restrictions than BYD, as most of its factories are not affected by the most severe restrictions.
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