China’s accelerating progress in electric vehicle production has passed a significant milestone in the first half of 2022, with BYD becoming the world’s biggest EV producer by sales.
The Shenzhen-based manufacturer, part-owned by Warren Buffett’s Berkshire Hathaway, reported it sold 641,000 vehicles in the first six months of the year, in company filings on Tuesday.
In comparison, Tesla said on Saturday it delivered 564,000 vehicles in the first half. That included 254,000 vehicles in the second quarter, well down on the 350,000 Wall Street had expected, as Elon Musk’s company suffered parts shortages and pandemic-related production shutdowns at its plant in Shanghai.
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