$BYD Outsells $TSLA in China


Electric vehicle sales in China skyrocketed 154% last year, despite a global slowdown in auto sales owing to the crunch in semiconductor supplies, as more consumers opt for greener cars. According to industry analyst ZoZo Go, electric vehicle (EV) makers sold a total of 3.3 million units in China in 2021, up from 1.3 million in 2020, and 1.2 million in 2019. According to Seeking Alpha, EV sales worldwide increased 69% in the first 11 months of the year, with China outpacing global growth.

The Shenzhen-based BYD, backed by Warren Buffett, grabbed pole position, shipping 603,783 units—up 218% on the year before. Meanwhile Tesla came in second place in China last year, selling an estimated 240,000 vehicles during 2021, accounting for 26% of the Texas-based company’s global sales.

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