BYD outsells Tesla ... well, not exactly
We threw quote marks around that phrase, because it's a mischaracterization that needs to be cleared up. Nonetheless, BYD is coming on strong.on Sunday, Shenzhen-based BYD sold 641,350"new energy vehicles" in the first six months of 2022 — that's a 315% increase over the same period in 2021, when automakers were still freshly emerging from being clobbered by the pandemic.
Note that second set of quotation marks. BYD does not strictly sell battery electric vehicles, so the term"new energy vehicles" also applies toin the first half of the year. And Tesla, as you know, sells only pure electrics. So it's still on top in the EV race.with market capitalization of about $149 billion — Tesla's stock in that same period is down, also by 36 percent.
like so many other automakers and had some stumbles on that front when its Shanghai Gigafactory restarted.
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