[volkman10]

BYD overtakes Tesla in global electric vehicle sales.

in the first six months of the year, China-based BYD is emerging as a formidable new competitor with total sales—including plug-in hybrid models—that topped the U.S. EV pioneer.

BYD, which counts Warren Buffett’s Berkshire Hathaway as a longtime investor, delivered 641,350 EVs and plug-in hybrids to customers in the first half, up 315% from a year ago, compared with Tesla’s 564,743, up 46%. Tesla’s sales of battery-only models kept it ahead of BYD on that basis (in June, for example, 64,218 of the 133,036 “new energy” consumer vehicles BYD sold were plug-in hybrids). Still, its lead appears to be shrinking as its Shenzhen-based rival and other Chinese competitors, such as fast-growing XPeng and NIO ramp up production, especially of higher-end models that compete directly with Tesla’s.

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