There’s another worthy contender wrestling with Elon Musk’s EV giant Tesla for the title of the world’s best and largest EV producer.
The Chinese automaker managed to face the challenges posed by the COVID-19 pandemic better than rival Tesla, which was ultimately plagued by disruptions. BYD sales are also growing at a much faster rate compared to its American counterpart. The automaker sold 486 771 more cars than it did in the first half of 2021, representing an increase of 315% in the first six months of 2022.
Furthermore, BYD’s stock price has risen nearly 25% since the start of this year, whereas in that same timeframe, Tesla’s stock price has dropped 42%.However, the companies’ sales don’t represent an apples-to-apples comparison. Many of BYD’s car sales are plug-in hybrids and use gasoline engines to supplement battery power.
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