If the headlines of news outlets like the Financial Times are to be believed, BYD just overtookTesla as the world's top electric vehicle seller.
It isn't nearly that cut and dried according to BYD's company filing. It's true that BYD is making strides on hybrid vehicles, but it's still not good enough for most people when it comes to all-electric vehicles.
BYD boosted sales by an incredible 325 percent so far this year compared to the same time period last year, selling over 600,000 electric or plug-in hybrid passenger vehicles.
In the first two quarters of this year, BYD delivered more than half a million vehicles, but it was short of the 556,743 delivered byTesla.
That isn't a good comparison. BYD is a plug-in hybrid passenger vehicle, but it isn't sold byTesla. All-electric vehicles are the focus of the company, which is led by Musk.
If we were to compare apples to apples, BYD sold more battery electric vehicles this year than it did in all of last year.
It isn't just a matter of logic. There are significant differences between the two types of cars. A small all-electric battery can be just a tenth the size of a typical Plugin battery.
The number of cells required is vastly different. One of the biggest hurdles in producing electric vehicles is securing enough materials and production capacity to make the batteries. It's even more difficult now that the price of Li-ion is going up.
In terms of battery production on a global scale, it's clear thatTesla has the upper hand despite the supply chain issues.
Plug-in hybrid are technically electric, and can be a fuel efficient alternative to gas, but they are also somewhat misleading.
It is clear that it is a company to keep an eye on.
The world's largest EV producer is no longerTesla.
There were 59,000Teslas that failed to call for help when they crashed.
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