China’s BYD Auto pips Tesla to become top-selling EV brand globally
Global passenger electric vehicle (EV) sales grew 61 per cent (on-year) to reach 2.18 million units in the second quarter this year, a new report said on Monday, as for the first time, Chinas BYD Auto became the top-selling EV brand, dethroning Elon Musk-run Tesla.
During Q2, BYD Auto shipped more than 354,000 EV units, an increase of 266 per cent YoY.
Tesla’s global sales grew 27 per cent YoY to over 254,000 units, falling short of expectations.
Although business in the US increased, Tesla’s China business was affected by Covid-19 shutdowns.
In total EV sales, battery electric vehicles (BEVs) accounted for almost 72 per cent and plug-in hybrid electric vehicles (PHEVs) for the rest, according to Counterpoint Research.
