Chinese automaker BYD is now selling more EVs than Tesla in the world, a recent report suggests. Take a look.
Tesla is no longer the best-selling EV brand in the world. Talking about EV’s sales figures, a recent report said that Tesla has now surpassed Chinese automaker BYD. BYD was able to sell more vehicles than Tesla in the first half of 2022, marking a 300 percent increase over the same period last year. From the sales statistics it is understood that these two brands are not very close, Tesla has lagged behind by a mega margin.
The Financial Times reports that BYD was able to transfer 641,000 units from January to June 2022. At the same time, Tesla managed to sell only 564,000 units, which is comparatively much less. And keep in mind that BYD mostly works in its home market while Tesla has a worldwide presence. Tesla, however, had a reason why it was able to sell fewer vehicles than BYD in the same period.
Tesla was sold by BYD in early 2022
Tesla said its lower sales figures were mainly due to supply chain problems and disruptions in sales following various coveted lockdowns in China. Tesla has a gigafactory in Shanghai, an area that has observed a week-long lockdown. BYD’s factories are located in areas that were less affected by the lockdown. However, things could change once the Tesla cybertracks roll out of factories. The Cybertrack EV is currently one of the most popular EVs on the market and could be a game changer in the world of pickups.
But this is not the only record broken by BYD. BYD recently surpassed LG as the world’s second largest battery maker for electric vehicles, followed by another Chinese battery maker, CATL. Most Tesla vehicles also rely on LG batteries. Even Ola Electric’s Ola S1 Pro electric scooter uses LG batteries as its power source.
The next day, things could get tough for Tesla down the road. Automakers like Audi, BMW, Mercedes, Volkswagen and many more are doubling their EV ambitions. Even newly born brands like Ola Electric have recently announced that an Ola electric car is working at the moment and may launch it early next year. A teaser image shows a glamorous aerodynamic design that Ola could use for his first electric car.