Friday, April 19, 2024

Tesla lost its title as the world’s largest electric car manufacturer


The company has done well BYD Chinese in the company Tesla Owned by American billionaire Elon Musk, the world’s largest electric car manufacturer by sales.

According to Axios, The company sold 641,000 cars in the first six months of the year, up 300% from the same period last year. In the first two quarters of 2022, it was sold BYDAbout 323,519 battery electric cars and 314,638 hybrid electric cars.

Stocks soared BYD Up to 36% since January, the company was able to avoid factory closures due to shutdowns.

By comparison, Tesla sold 564,000 cars in the first six months of the year, according to figures from its first and second quarter reports..

Tesla reported that the company faced supply chain challenges and factory closings throughout the year. The company was forced to temporarily close the factory due to the spread of the coronavirus in Shanghai..

Follow our latest local and sports news and the latest political and economic developments via Google News



See also  European shares rise, supported by China stimulus hopes
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:


More like this

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...