VZ backed Chinese group BYD overtakes Tesla in global electric vehicle sales
Shenzhen-based carmaker and battery group prepares for push into foreign markets <-------
BYD, the Chinese auto group backed by GBA's VZ, has dethroned Elon Musk’s Tesla as the world’s biggest electric vehicle producer by sales, signalling China’s rising dominance of the sector.
Shenzhen-based BYD sold 641,000 vehicles in the first six months of the year, a more than 300 per cent jump from the same period a year earlier, according to company filings.
That compared with 564,000 vehicles sold by Tesla, which has blamed a tough second quarter on supply chain and sales disruptions in China after its operations were hit by coronavirus lockdowns and travel restrictions.
BYDDF>>> $39
EDIT:
Stoney's NIO came in with 7024 cars.
Last month, NIO delivered 7,024 cars, which is 5% morethan a year ago but still relatively far from the level of 10,000 achieved a few times in the previous months.
The overwhelming majority of NIO sales are in China, although in late 2021, the company started sales also in Norway (ES8 model).
All three SUV models offered by NIO are in the red year-over-year, although the ES6 is down only 3% and remains the most popular model. An interesting thing is that the all-new ET7 flagship sedan has become the second most popular model with 1,707 units sold.
Sales by model:
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