A variety of media outlets across the globe report that Chinese car maker BYD Auto has taken over Tesla.
Image by: insideevs
as the world's largest electric vehicle maker in terms of sales in the first quarter of the year.
Image by: insideevs
Does that sound correct? It does depend upon the specific definition for an electric car. BYD is owned of Warren Buffett's Berkshire Hathaway.
Image by: insideevs
has sold 641,350 brand new energy vehicles during the initial six months in 2022. This is which is a staggering 314 percent increase from the same time the year prior.
Image by: insideevs
There's an (big) problem, however there's a catch: not all of these vehicles were electric in all aspects.
Image by: insideevs
From the entire inventory, 3233519 vehicles or less than 50 percent were battery electric cars; the remainder were hybrids that plug in.
Image by: insideevs
In China's sales rules BEVs and PHEVs can be considered New Energy Vehicles (NEVs).
Image by: insideevs
Although Tesla is still the number. top EV manufacturer in the world It is certainly not able to overlook BYD's growth.
Image by: insideevs
BYD is also a EV battery giant and recently surpassed the South Korean company LG as the second largest manufacturer of batteries for electric vehicles.
Image by: insideevs
Based on Seoul's SNE Research SNE Research, which is quoted as a source by Financial Times, BYD has surpassed LG Energy in terms of market share in the month of April.
Image by: insideevs
In China, Contemporary Amperex Technology, known as CATL is still the leader in the world in this area.
Image by: insideevs
BYD auto is currently selling a range of battery-powered vehicles in China which accounts for the majority of sales.
Image by: insideevs