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Race for Global EV Sales Dominance: Tesla vs BYD
In the race to EV supremacy, a new champion has emerged from China.
BYD, backed by none other than Warren Buffett's Berkshire Hathaway with a 20% stake, is leaving tire tracks in the global EV market.
Last year, BYD beat out Tesla by selling 1.85 million EVs, and with its stellar performance in the first half of 2023, BYD sold 641,000 EVs, overtaking Tesla's 564,000 sales.
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The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.
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