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Home » BYD, top-selling EV brand
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BYD, top-selling EV brand

China's BYD Auto has overtaken Elon Musk's Tesla
News DeskBy News Desk31 August 2022No Comments1 Min Read
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China’s BYD Auto has overtaken Elon Musk’s Tesla to become the best-selling EV brand. BYD Auto delivered more than 354,000 electric vehicles in the second quarter, up 266% year-on-year. Tesla’s global sales fell short of expectations with 254,000 vehicles, 27% year-over-year. While the U.S. business grew, Tesla’s China business was hit by his Covid-19 shutdown. 

According to Counterpoint Research, battery electric vehicles (BEV) account for about 72% of all EV sales, with plug-in hybrid electric vehicles (PHEV) making up the rest. China remains the  leader in EV sales, followed by Europe and the US. EV sales in China have grown nearly 92% year-on-year to  1.24 million, up from just 640,000 in Q2 2021.

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