BYDan Asian automotive company, has surpassed Tesla in the global sale of electric vehicles by reporting a delivery of 641,350 models in the first six months of 2022; Some 77,000 more cars than the company founded and directed by Elon Musk, who has sold a total of 564,000 vehicles during the same period of the year.
The advantage on the part of BYD, which has the support of investor Warren Buffett through Berkshire Hathaway, his own company, seems to be related to the difficulties that Tesla has had to go through in recent months. The firm, let us remember, has faced problems in the production of new models at its Shanghai planti, in China. They were forced to completely interrupt the supply chain due to the restrictions imposed by the government, which decreed a mandatory confinement for more than 20 days due to the outbreaks of COVID-19 reported in the region.
This event caused the production of vehicles to go from 1,000 daily, to zero on those days when the factory had to be closed. Subsequently, production recovered to minimum levels, reaching a total of 200 models assembled daily. BYD, for its part, has been able to continue with its usual production rateas stated Financial Times. And it is that most of its factories, luckily, are not in those regions where the restrictions were applied.
BYD also surpasses LG in the manufacture of batteries for electric vehicles
The Shenzhen-based mobility company also manufactures plug-in hybrid vehicles. In fact, most of its sales come from these models, which are considered “zero emissions” in China. BYD, on the other hand, It has also become the second company that produces the most batteries for electric vehicles. Just below CATL and surpassing South Korea’s LG.
In any case, the growth in sales by BYD, which according to the company itself is 300% more than the same period last year, is an important step forward to continue the expansion of the Chinese automotive industry to the global market. The future for the firm, in addition, is promising, according to some analysts predicted to the aforementioned medium. One of them, Tu Le, responsible for the company Sino Auto Insight. She has confirmed that DYD plans to fully enter the US market. Its objective? Deal with those companies that have a large presence in that market, such as Ford or even Tesla itself.