The State of the Electric Vehicle Revolution 2023

Saudi Arabia

May 2023 saw BYD setting a monthly sales record by moving 119,603 units off the lots - a staggering 124% year-on-year increase, compared to Tesla&rsquo;s 56,000 EVs. For the first time, BYD also outsold Tesla in BEV sales with 352,163 compared to Tesla&#39;s 466,140 in Q2 2023.

It&#39;s not just the sales and production numbers that are sky-rocketing though; BYD&#39;s range, including popular models such as the Han, Dolphin, Tang, Song, Qin, and the luxury Seal, is appealing to a wider range of consumers compared to others in the EV space. At the heart of this growth is the company&#39;s innovations in battery technology, with ambitions of becoming a leading global supplier in the near future. 
 
Related: <a href="https://lucidityinsights.com/spotlights/byd-speeds-ahead-in-the-ev-race-surpassing-tesla-and-into-the-metaverse" target="_blank">BYD Speeds Ahead in the EV Race, Surpassing Tesla and Into the Metaverse</a>

BYD Passenger BEV Monthly Sales Are Sky-Rocketing

Infobytes

As the world of cryptocurrencies continues to evolve at&nbsp;a breakneck pace, it&rsquo;s no wonder that governments and&nbsp;regulators have been scrambling to keep up.

Bitcoin, the leading cryptocurrency,&nbsp;has declined by nearly two-thirds from its peak in late&nbsp;2021, and a Bank for International Settlements analysis in&nbsp;November 2022 revealed that approximately three-quarters of&nbsp;investors have experienced losses.

Bitcoin’s Boom and Bust Can Be Seen from Its Decline in 2021

Bitcoin’s Boom and Bust

In the heart of Abu Dhabi, Pure Harvest Smart Farms is&nbsp;pioneering the future of sustainable agriculture. Founded in&nbsp;2016, the Agtech start-up is transforming the way we think&nbsp;about farming, leveraging high-tech hybrid growing systems&nbsp;to overcome the Middle East&#39;s greatest challenges: food&nbsp;security, water conservation, economic diversification, and&nbsp;sustainability.

Early on, it was a struggle to secure support. Fortunately, today&nbsp;Pure Harvest is far from being in a difficult fundraising&nbsp;position. The last round was oversubscribed, and though the&nbsp;team was targetting a US $100 million raise, it managed to&nbsp;raise over $180 million, with additional investors looking to&nbsp;jump on.

With global expansion on its mind, Pure Harvest has its heart&nbsp;set on becoming the next Middle Eastern Unicorn and becoming&nbsp;a company valued at over $1 billion.

Related:&nbsp;<a href="https://lucidityinsights.com/spotlights/pure-harvest-smart-farms-menas-next-agtech-uni-camel">Pure Harvest Smart Farms: MENA&rsquo;s Next Agtech &lsquo;Uni-Camel&rsquo;</a>

BYD Passenger BEV Monthly Sales

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