Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

China's BYD Outpaces Tesla with 641,400 Vehicles Sold in 1st Half

Stock Markets Jul 05, 2022 09:50AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters China's BYD Outpaces Tesla (TSLA) with 641,400 Vehicles Sold in 1st-Half

By Michael Elkins

Chinese automotive group, BYD (OTC:BYDDY), backed by Warren Buffet, announced that they have sold 641,400 vehicles in the first six months of the year, a 315% jump year-over-year compared with the same time in 2021. This jump places them squarely ahead of global electric vehicle giant, Tesla (NASDAQ:TSLA) with 564,000 vehicles sold.

“The performance looks impressive,” said Jeff Chung, an auto analyst with Citigroup, of BYD’s sales growth.

Tesla, the previous category leader, blamed their tough second quarter on supply chain and sales disruptions in China after the company’s operations were stifled by Covid lockdowns and travel restrictions.

Tesla, along with Chinese EV makers including Li Auto Inc (NASDAQ:LI), Xpeng (NYSE:XPEV) and Nio (NYSE:NIO), was harder hit by the lockdowns than BYD, which benefited because most of its factories are not based in the regions and cities that suffered the most severe restrictions.

China's BYD Outpaces Tesla with 641,400 Vehicles Sold in 1st Half
 

Related Articles

Synopsys Earnings, Revenue Beat in Q3
Synopsys Earnings, Revenue Beat in Q3 By Investing.com - Aug 17, 2022

Investing.com - Synopsys (NASDAQ:SNPS) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. Synopsys announced...

Cisco Earnings, Revenue Beat in Q4
Cisco Earnings, Revenue Beat in Q4 By Investing.com - Aug 17, 2022

Investing.com - Cisco (NASDAQ:CSCO) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Cisco announced earnings per...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (9)
Mica Oshii
Mica Oshii Jul 07, 2022 7:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This story is fake news or misinformation. If you add all the car that BYD sells, including plug-in, then yes, it only outsells Tesla because of the no-lockdown advantages they have on Tesla. But if you only add pure EV solds only, even with the disadvantages that Tesla has to deal with, Tesla still comes out ahead.
DeAndre Woods
DeAndre Woods Jul 07, 2022 11:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
that cool it big
Going Green
Going Green Jul 07, 2022 5:15AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Lol but they show a tesla in the article not a BYD smh
MS SM
MS SM Jul 06, 2022 5:46AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hey Investing.com, you better keep on your eyes on the articles published on your website.
François Delepine
François Delepine Jul 06, 2022 4:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Only if you take BYD PHEV cars into the total. Full BEV, picture is totally different. You are spreading false information.
David Wuethrich
David Wuethrich Jul 05, 2022 1:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
nice! But misleading click bait. How many of those cars were All Electric? somehow that's a comparison not made in this statement.
George Jetson
George Jetson Jul 05, 2022 11:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Chinese junk
George Jetson
George Jetson Jul 05, 2022 11:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
chines garage
Robert Palumbo
Robert Palumbo Jul 05, 2022 10:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
But the stock is still down today. There must be a big room somewhere in wall street with computers where they can override all stock trades. I wonder if its the same office that was busy on voting day. lol
Brad Albright
Brad Albright Jul 05, 2022 10:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I happen to work at that office. It is my job to keep the employees supplied with adrenechrome. Let me know if you'd like a tour. (A tinfoil hat is required, you can bring your own.)
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email