BYD Auto pips Tesla to become top-selling EV brand globally

A new report said that global passenger electric vehicle (EV) sales grew 61 percent (on-year) to reach 2.18 million units in the second quarter of this year, as for the first time, China’s BYD Auto became the top-selling EV brand, dethroning Elon Musk’s Tesla.

During Q2, BYD Auto shipped more than 354,000 EV units, an increase of 266 percent YoY.

Tesla’s global sales grew 27 percent YoY to over 254,000 units, falling short of expectations.

Although business in the US increased, Tesla’s China business was affected by the COVID-19 shutdowns.