Tesla vs BYD: BIG blow to Elon Musk as Chinese EV giant just overtook his dream project
11 months, 3 weeks ago

Tesla vs BYD: BIG blow to Elon Musk as Chinese EV giant just overtook his dream project

India TV News  

BYD vs Tesla: A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. The rise of BYD and other Chinese electric vehicle makers is a challenge not only for Tesla but also the world's major automakers as Chinese competitors push into Europe, Southeast Asia and other overseas markets with a relatively affordable option for drivers who want to go green. For the entire year, BYD's EV sales rose 73% in 2023 to nearly 1.6 million vehicles, the company said in a filing Monday with the Hong Kong Stock Exchange. China's subsidies for EVs were phased out at the start of this year, but a fierce price war among makers including BYD and Tesla has kept sales buoyant. "Most of BYD's EVs were sold in China despite its fast-growing overseas sales, whereas Tesla is already a global player,” Yang said.

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History of this topic

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks, 1 day ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

China automakers pivot to hybrids for Europe to counter EV tariffs
2 weeks, 5 days ago

China automakers pivot to hybrids for Europe to counter EV tariffs

Live Mint  

* China hybrid exports to Europe to grow 20% this yr, analyst says * Chinese automakers challenge European and Japanese dominance * Cheaper and more fuel-efficient models to enter the market SHANGHAI, - Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's …

California plan that might cut Teslas from EV tax credit drives Elon Musk nuts
3 weeks, 4 days ago

California plan that might cut Teslas from EV tax credit drives Elon Musk nuts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. California’s potential plan would likely not include Musk’s cars because the program would be …

Trump could make it tougher to afford electric cars. Why Elon Musk doesn’t mind
1 month, 1 week ago

Trump could make it tougher to afford electric cars. Why Elon Musk doesn’t mind

LA Times  

Here’s what you need to know to start your day. That’s welcome news to Elon Musk, whose Tesla Motors is the state‘s and nation’s most popular purveyor of electric cars. “Taking away buyer credits would hurt them more than it would hurt Tesla, whose EV market share has begun to drop in the face of new competition.” The subsidy shakeup …

Chinese EV maker BYD’s revenue beats Tesla for first time
1 month, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
4 months, 3 weeks ago

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America

Associated Press  

BANGKOK — The ride sharing giant Uber and Chinese automaker BYD plan a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America, eventually expanding to other markets, the companies announced. The arrangement would offer Uber drivers access to favorable pricing, insurance, financing and other services for BYD vehicles, the companies said in a …

Elon Musk opposes US tariffs on Chinese EVs
6 months, 4 weeks ago

Elon Musk opposes US tariffs on Chinese EVs

China Daily  

FILE PHOTO: Elon Musk in Beverly Hills, California, US, May 6, 2024. PARIS -- Tesla CEO Elon Musk has said he opposed US tariffs on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," Musk said Thursday when answering audience questions via video link during VivaTech, an annual technology conference dedicated to innovation and startups in Paris. "In …

Tesla clears hurdles in China's electric vehicle market
7 months, 2 weeks ago

Tesla clears hurdles in China's electric vehicle market

China Daily  

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China on Jan 7, 2019. For Tesla, "it's a good thing, because it's one more domino knocked down, in order for them to be able to potentially get the data from those cars out to America," Mark Rainford, an influencer in the automotive industry and …

Tesla CEO Elon Musk visits China during Beijing auto show
7 months, 3 weeks ago

Tesla CEO Elon Musk visits China during Beijing auto show

The Hindu  

Tesla CEO Elon Musk met with a top government leader in the Chinese capital on Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Mr. Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show
7 months, 3 weeks ago

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show

Associated Press  

BEIJING — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Premier, Musk call for deepening cooperation
7 months, 3 weeks ago

Premier, Musk call for deepening cooperation

China Daily  

Premier Li Qiang meets on Sunday with Elon Musk, founder and CEO of US electric car manufacturer Tesla, at Diaoyutai Guest House in Beijing. Tesla's success in China has demonstrated that equal cooperation and mutual benefits conform to the fundamental interests of China and the United States, Premier Li Qiang said in a meeting on Sunday with Elon Musk, CEO …

Tesla to cut more than 10% of global workforce
8 months, 1 week ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

Apple, Tesla love affair with China ending as sales decline after users are told to shun Western products
9 months, 1 week ago

Apple, Tesla love affair with China ending as sales decline after users are told to shun Western products

Hindustan Times  

Tesla and Apple may lose millions of customers in China as the country is urging people to choose domestic products over Western technology. Tesla's Chinese competitor BYD recently overtook the Elon Musk company in worldwide sales of electric vehicles. At China’s annual Communist Party, Zhan Wenlong, a nuclear physicist and party delegate, told the outlet, “For people coming here, they …

Detroit may be making the same mistake on EVs that it made with Japane
10 months ago

Detroit may be making the same mistake on EVs that it made with Japane

Live Mint  

Once upon a time, Japanese cars were seen as exotic vehicles that could never take on the might of Ford and General Motors. “Corolla, New Economy Car, Is Shown Here by Toyota," the New York Times yawned in a 1968 headline, introducing history’s best-selling automobile to the US market. With designers focused on large, powerful gas-guzzlers that earned better margins …

What is BYD? How a battery maker beat Tesla to become the world's largest EV company
10 months, 1 week ago

What is BYD? How a battery maker beat Tesla to become the world's largest EV company

ABC  

This is the story of a young company that took a risky bet on electric vehicles and grew into a giant. The company is the Chinese car maker BYD, which recently overtook Tesla as the world's largest EV company. "In the EV space, the only two players that have any scale are Tesla and BYD," Mr Le says. Late last …

Tesla Vs BYD: CEO Elon Musk warns of fierce competition from Chinese automakers
10 months, 4 weeks ago

Tesla Vs BYD: CEO Elon Musk warns of fierce competition from Chinese automakers

Live Mint  

Tesla CEO Elon Musk stated on January 24 that the "Chinese automakers will 'demolish' global rivals without trade barriers," underscoring the intense competition faced by the US electric vehicle market leader from companies like BYD, which are aggressively expanding worldwide, according to a report Reuters. Elon Musk's comments followed the recent achievement of Warren Buffett-backed BYD, whose more affordable models …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 4 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

A Lamborghini-style EV: BYD goes upmarket to outmaneuver Tesla
11 months ago

A Lamborghini-style EV: BYD goes upmarket to outmaneuver Tesla

Live Mint  

HONG KONG—BYD overtook Tesla as the world’s top electric-vehicle seller by pumping out a range of affordable cars that gave Chinese drivers what they wanted: choice. In China, the world’s biggest EV market, Tesla’s market share has been shrinking: BYD now sells five cars to every one that the U.S. automaker does. BYD is estimated to have sold around 13,000 …

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down
11 months, 1 week ago

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down

Firstpost  

Tesla, after a stellar 2023 where its shares more than doubled, is facing a rocky start to 2024, marking its worst beginning to any year in its history. Tesla’s market capitalization has taken its biggest hit since going public in 2010, with a 12% drop since the start of January, the largest in percentage terms since 2016. Despite Tesla’s recent …

China’s BYD is rivaling Tesla in size. Can it also match its global reach?
11 months, 3 weeks ago

China’s BYD is rivaling Tesla in size. Can it also match its global reach?

Associated Press  

BEIJING — A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. The rise of BYD and other Chinese electric vehicle makers is a challenge not only for Tesla but also the world’s major automakers as Chinese competitors push into Europe, Southeast Asia and other overseas markets with a relatively affordable option …

China’s BYD to reward dealers with gifts worth 2 billion Yuan for hitting sales target, beating Tesla
11 months, 3 weeks ago

China’s BYD to reward dealers with gifts worth 2 billion Yuan for hitting sales target, beating Tesla

Firstpost  

The Chinese automaker BYD has surpassed Tesla in global electric car sales during the fourth quarter last year, and plans to give away rewards amounting to billions of yuan to its Chinese dealers, said a Reuters report, quoting sources familiar with the matter. The number 666 holds significance in China, as it sounds like the word for “cool” or “amazing.” …

Elon Musk’s Chinese rival toppled Tesla – now it’s coming for Britain
11 months, 3 weeks ago

Elon Musk’s Chinese rival toppled Tesla – now it’s coming for Britain

The Telegraph  

Compared to established US and European carmakers, which have spent decades outsourcing parts to suppliers such as Bosch and Continental, BYD makes almost every component of its cars itself, even owning a series of lithium mines. UBS estimates that even if BYD moved production to Europe to avoid tariffs, it would have a 25pc cost advantage over “legacy” manufacturers, calculating …

Tesla loses crown as world’s favourite electric car maker
11 months, 3 weeks ago

Tesla loses crown as world’s favourite electric car maker

The Telegraph  

BYD, which has pledged to “demolish” Western incumbents, has recently expanded beyond China by selling cars in the UK and Europe. The company had already overtaken Tesla in total sales, which include plug-in hybrid cars. Tesla’s delivery numbers last year were only slightly higher than market expectations of around 483,200 cars. Tesla has embarked on a price war to boost …

China's Tesla killer? Phone maker Xiaomi unveils first electric car
11 months, 3 weeks ago

China's Tesla killer? Phone maker Xiaomi unveils first electric car

Daily Mail  

China's Xiaomi announced its first electric vehicle Thursday, predicting it is the first step toward overtaking Tesla. The Chinese-made vehicle will also feature self-driving, an entertainment system that is fully compatible with Xiaomi's smartphones, and blistering acceleration that will take it from 0 to 62 miles per hour in 2.78 seconds. Lei said that he expects Xiaomi's cars to rival …

BYD set to overtake Elon Musk's Tesla as ‘world’s most popular EV maker’
11 months, 3 weeks ago

BYD set to overtake Elon Musk's Tesla as ‘world’s most popular EV maker’

Hindustan Times  

China’s BYD Co. bills itself as the biggest car brand you’ve never heard of. “The competitive landscape of the auto industry has changed,” said Bridget McCarthy, head of China operations for Shenzhen-based hedge fund Snow Bull Capital, which has invested in both BYD and Tesla. BYD began preparing long ago to be able to do this faster than anyone thought …

Tesla moves forward with a plan to build an energy-storage battery factory in China
1 year ago

Tesla moves forward with a plan to build an energy-storage battery factory in China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy American electric automaker Tesla's plans …

China’s BYD to build its first European electric vehicle factory in Hungary
1 year ago

China’s BYD to build its first European electric vehicle factory in Hungary

Associated Press  

BUDAPEST, Hungary — One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said Friday, the latest step in the Central European nation’s efforts to become a global hub for EV manufacturing. The plant’s construction will “further strengthen the position of the Hungarian economy, further strengthen …

Chinese automaker BYD plans a new EV plant in Hungary as part of its rapid global expansion
1 year ago

Chinese automaker BYD plans a new EV plant in Hungary as part of its rapid global expansion

Associated Press  

BANGKOK — Chinese automaker BYD said Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. BYD, based in the southern Chinese city of Shenzhen, said it plans to create thousands of jobs in creating a “local green ecosystem” for manufacturing its electric vehicles. …

Tesla moves forward with a plan to build an energy-storage battery factory in China
1 year ago

Tesla moves forward with a plan to build an energy-storage battery factory in China

Associated Press  

BEIJING — American electric automaker Tesla’s plans to produce energy-storage batteries in China moved forward on Friday with a signing ceremony for the land acquisition for a new factory in Shanghai, China’s state media said. China is a major market and manufacturing center for Tesla, and the company’s CEO, Elon Musk, has built close ties with Chinese officials even as …

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China
1 year, 2 months ago

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China

Firstpost  

Elon Musk’s Tesla is struggling in China, the world’s largest EV market despite starting a price war that tried to undercut other local players. In September, the Beijing-headquartered premium EV maker delivered 36,060 vehicles, marking a 3.3 per cent increase from the previous month and an impressive 212.7 per cent year-on-year growth. During the third quarter, Li Auto shipped 105,108 …

China’s automakers take the world by storm with electric vehicle push
1 year, 3 months ago

China’s automakers take the world by storm with electric vehicle push

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Chinese companies exported nearly 350,000 EVs to nine European countries in the first half of the year, more than they exported in all of 2022, according to data from the China Passenger Car …

China’s automakers take the world by storm with electric vehicle push
1 year, 3 months ago

China’s automakers take the world by storm with electric vehicle push

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Chinese companies exported nearly 350,000 EVs to nine European countries in the first half of the year, more than they exported in all of 2022, according to data from the China Passenger Car …

Elon Musk is ‘one of the top risks’ for Tesla
1 year, 5 months ago

Elon Musk is ‘one of the top risks’ for Tesla

Live Mint  

The surging demand for electric vehicles has attracted fierce competition from rival automakers, presenting Tesla with its most significant challenge in the next two years. This comes at a time when CEO Elon Musk, the world's richest man, appears to be preoccupied with a range of high-profile ventures, including social media, space travel and artificial intelligence. A recent survey revealed …

Elon Musk predicts Tesla self-driving cars 'later this year'
1 year, 5 months ago

Elon Musk predicts Tesla self-driving cars 'later this year'

The Hindu  

Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said via video link at the opening ceremony of …

Elon Musk predicts Tesla self-driving cars may come ’later this year’
1 year, 5 months ago

Elon Musk predicts Tesla self-driving cars may come ’later this year’

Live Mint  

Elon Musk-owned electric car giant Tesla may finally develop a fully autonomous vehicles "later this year. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Elon Musk said via video link at the opening ceremony of an artificial intelligence conference in Shanghai. Electric vehicles make up a …

Will Tesla achieve full self-driving technology this year? Elon Musk says…
1 year, 5 months ago

Will Tesla achieve full self-driving technology this year? Elon Musk says…

Hindustan Times  

Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone. An aerial view shows cars parked at the Tesla Fremont Factory in Fremont, California, "In terms of where Tesla is at this stage, I think we are very close to achieving full …

1 in Every 7 Cars Sold Now an EV, China's BYD Leaves Behind Tesla
1 year, 6 months ago

1 in Every 7 Cars Sold Now an EV, China's BYD Leaves Behind Tesla

News 18  

One in every 7 cars sold during the first quarter this year was an electric vehicle, dominated by China’s BYD at 21.1 percent market share while Tesla was at second spot, with 16 percent share, a report showed on Wednesday. “Tesla slashed prices for its models globally in January, following which other automotive brands announced similar cuts for their car …

China's Industry Minister Jin Zhuanglong, Tesla's Elon Musk meet, discuss electric cars
1 year, 6 months ago

China's Industry Minister Jin Zhuanglong, Tesla's Elon Musk meet, discuss electric cars

The Hindu  

China’s Industry Minister met Tesla Limited CEO Elon Musk on May 31 and the two discussed development of electric and “intelligent networked” vehicles, the Ministry said. Jin Zhuanglong and Elon Musk “exchanged views on the development of new energy vehicles and intelligent networked vehicles,” said a statement by the Ministry of Industry and Information Technology. On Tuesday, Foreign Minister Qin …

Once mistaking it for a joke, Elon Musk now fears THIS Chinese EV maker
1 year, 6 months ago

Once mistaking it for a joke, Elon Musk now fears THIS Chinese EV maker

Firstpost  

Elon Musk’s Tesla has emerged as the best selling EV car brand in the world. However, Musk fears one Chinese EV company, which, he once believed was a joke Elon Musk’s Tesla was the best-selling EV car brand of 2022, beating out legends such as Toyota and Honda, two brands that have ruled the numbers game in traditional ICE cars, …

Elon Musk meets Chinese FM in Beijing; says ‘mutual respect’ should be promoted to enhance US-China relations
1 year, 6 months ago

Elon Musk meets Chinese FM in Beijing; says ‘mutual respect’ should be promoted to enhance US-China relations

India TV News  

A day after multiple media reports about Tesla CEO Elon Musk's visit to China, he finally landed in the national capital where he held a series of meetings with the Chinese foreign minister regarding plans to boost the electric vehicle market. Musk, who has high hopes of getting bigger space in the Chinese electric automobile sector, asserted that the strained …

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
1 year, 7 months ago

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges

Live Mint  

Elon Musk teased two new Tesla models while forecasting a challenging year ahead for the carmaker as higher interest rates pinch buyers. Mr. Musk didn’t provide details about the two new products, though said Tesla could produce more than five million units a year of the two models combined. Mr. Musk, who previously said the hire from NBCUniversal would allow …

Chinese electric vehicle brands expand to global markets
1 year, 7 months ago

Chinese electric vehicle brands expand to global markets

Associated Press  

YOKOHAMA, Japan — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. They bring fast-developing technology and low prices that Tesla Inc.'s chief financial officer says “are scary.” Furukawa said he ordered an ATTO 3 when it went on sale Jan. 31, for its user-friendly features and appealing price of 4.4 million …

Tesla delivers 88,869 China-made EVs in March: Report
1 year, 8 months ago

Tesla delivers 88,869 China-made EVs in March: Report

Hindustan Times  

Tesla sold 88,869 units of China-made electric vehicles in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association showed on Tuesday. By comparison, BYD sold 206,089 units last month with its Dynasty and Ocean series of EVs and hybrids, up 97.5% from a year ago, CPCA data showed. …

How Japanese electric car makers took wrong turns while China plotted to rule the roads
1 year, 9 months ago

How Japanese electric car makers took wrong turns while China plotted to rule the roads

The Telegraph  

But at the same time, Chinese production held steady at 21m from 2019 to 2021, according to the latest figures gathered by the International Organization of Motor Vehicle Manufacturers. And no Japanese car maker is in the top-20 electric car makers, a list topped by Tesla, relative newcomer BYD, which is Chinese, and Volkswagen, according to Bloomberg data. Former Nissan …

Tesla stock plunges 6% after Elon Musk's 'master plan' fails to impress: Report
1 year, 9 months ago

Tesla stock plunges 6% after Elon Musk's 'master plan' fails to impress: Report

Hindustan Times  

Elon Musk’s much-hyped third Master Plan for Tesla Inc. fell flat with investors after failing to offer any firm detail on the company’s long-awaited next generation of electric cars. The four-hour presentation was long on Musk’s vision to build the next phase of Tesla’s growth around a sustainable energy future by moving into products like heat pumps, but short on …

Elon Musk: Tesla’s main competition will come from China
1 year, 10 months ago

Elon Musk: Tesla’s main competition will come from China

Live Mint  

On a conference call with analysts following the release of Tesla's quarterly earnings, CEO Elon Musk predicted that the electric vehicle manufacturer’s largest rival will be a Chinese firm. Even though manufacturing was hampered by China's now-abandoned Covid-Zero legislation, Tesla nonetheless produced more than 710,000 electric vehicles there in 2022, accounting for nearly 52% of its global output. Due to …

BYD Auto Remains EV Market Leader, Widens Leadership Gap With Tesla in Q3 2022
2 years ago

BYD Auto Remains EV Market Leader, Widens Leadership Gap With Tesla in Q3 2022

News 18  

China’s BYD Auto remained the global market leader, shipping more than 537,000 EV units – an increase of 197 percent – in the third quarter this year, leaving Elon Musk-run Tesla far behind globally. On the other hand, Tesla’s global sales grew only 43 percent YoY in Q3 2022 to over 343,000 units, according to Counterpoint Research. BYD’s overseas operations …

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