China S Warren Buffett Backed Byd Beat Tesla In Global Ev Sales
BYD, which is a Chinese auto giant backed by Warren Buffett’s Hathaway, has dethroned Elon Musk’s Tesla as the World’s largest electric vehicle maker by revenue indicating an increase in the dominance of China in the sector. BYD which is Shenzhen based sold 641,000 automobiles in the first six months of the year, an increase of more than 300 per cent over last year. Where Tesla sold 564,000 vehicles has blamed a tough second quarter on the supply chain has also caused disruptions in the distribution in China after the operations were impacted by COVID....