BYD Unseats Tesla as the World’s No. 1 Electric Vehicle Maker

Warren Buffett’s BYD Unseats Tesla as the World’s No. 1 Electric Vehicle Maker

Tesla has lost its status as the world's largest electric vehicle maker to BYD,

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a Chinese automaker backed by Warren Buffett's Berkshire Hathaway,

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a result of to Covid lockdowns, parts shortages and increased competition.

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In the first six months of 2022, BYD sold nearly 100,000 more electric vehicles globally than Tesla,

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according to delivery numbers released by the two companies over the weekend.

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It will need to increase sales 46 percent in the second half of this year to meet its full-year target.

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The Shenzhen-based company sold 641,000 electric vehicles in the first half of 2022, representing a 300 percent year-over-year jump.

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