BYD has surpassed Tesla to become the company that sells the most electric vehicles

BYDAsian car company surpasses Tesla in global electric vehicle sales by announcing the delivery of 641,350 models in the first six months of 2022.; 77,000 more than the company founded and run by Elon Musk, which sold a total of 564,000 vehicles in the same period of the year.

The advantage on the part of BYD, backed by investor Warren Buffett through his own company Berkshire Hathaway, appears to be due to the difficulties Tesla has had to face in recent months. The firm is faced with problems in the production of new models at its plant in ShanghaiI am in China. They were forced to completely cut off the supply chain due to restrictions imposed by the government, which announced a mandatory confinement for more than 20 days due to the reported outbreaks of COVID-19 in the region.

This event caused the production of cars to increase from 1,000 a day to zero on days when the plant was supposed to be closed. Subsequently, production recovered to its lowest level, reaching a total of 200 models assembled daily. BYD, for its part, was able to continue its normal production rateas noted Financial Times. And the fact that most of its factories, fortunately, are not in those regions where restrictions were applied.

BYD also surpasses LG in the production of batteries for electric vehicles.

The Shenzhen-based vehicle manufacturing 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 also became the second largest manufacturer of batteries for electric vehicles.. Slightly below CATL and superior to South Korea’s LG.

In any case, the growth in BYD sales, which, according to the company itself, 300% more than the same period last year, is an important step forward for the continued expansion of the Chinese automotive industry into the global market. The future of the company, moreover, promising, according to some analysts, predicts the aforementioned environment. One of them, Tu Le, is in charge of Sino Auto Insight. He confirmed that DYD plans to fully enter the US market. His purpose? Deal with those companies that have a large presence in this market, such as Ford or even Tesla itself.