China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles

A new report on Tuesday said that Chinese EV giant BYD was set to beat Tesla in battery EV sales in 2024.

BYD beat Tesla in total production last year, but lost the top EV vendor spot to the U.S. giant in the first quarter.BYD, however, manufactured 1.6 million battery-only passenger cars and 1.4 million hybrids, putting Tesla on top in terms of BEV production.The U.S. needs more of this critical metal — and China owns 80% of its supply chain

Warren Buffett’s Berkshire Hathaway raked in billions from BYD, the China EV maker Munger called a ‘damn miracle’ The duties are currently provisional, but will be introduced from July 4, if discussions with Chinese authorities do not result in a resolution, the commission said in a

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Europe’s electric car tariffs sting China but won’t halt BYD’s advanceAfter months of investigation, the European Union (EU) has announced provisional tariffs on electric vehicles (EV) imported from China, because of what it sees as Beijing’s unfair support for companies that undercut European carmakers.
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