A BYD, one of China’s leading electric vehicle makers, surprised the automotive market by outselling US giant Tesla in the second quarter of this year. The Chinese company has shown remarkable results, hitting a record high, selling more than 700,000 hybrid and electric vehicles between April and June, almost double the amount in the same period last year.

As BYD set a new quarterly benchmark, Tesla also reported its most impressive quarterly results to date, with approximately 480,000 vehicles produced and over 466,000 units delivered. However, it was the Chinese automaker that excelled exponential sales growth.

In June, backed by renowned investor Warren Buffett, BYD hit a milestone by selling a total of 253,046 new energy vehicles, up 89% year-over-year, according to an official statement from the company. Sunday. This number represents the best monthly performance ever achieved by BYD. New energy vehicles include both electric vehicles (EVs) and plug-in hybrids.

While both BYD and Tesla are recognized as top electric vehicle manufacturers, BYD has established itself as the leading brand in this segment in China. Globally, BYD still lags behind Tesla in electric vehicle sales. However, its leading position in the Chinese market is undeniable.

In May, BYD sold about 119,000 electric vehicles, more than double the number registered in the same period the previous year. In contrast, Tesla’s Shanghai plant, known as the Shanghai Gigafactory, delivered 77,695 vehicles in the same month, representing a 142% annual growth, according to statistics released by the China Automobile Manufacturers Association.

BYD’s success in the second quarter reflects the growing interest and demand for electric vehicles around the world, with China playing a key role in this transformation of the automotive sector. BYD, backed by strategic investments and a strong domestic presence, has established itself as a major force in electric vehicle manufacturing, challenging Tesla’s global dominance.

BYD announces factory installation in Bahia

BYD, a well-known Chinese manufacturer of electric vehicles, is set to mark its presence in the state of Bahia with the opening of a new factory. According to information disclosed by the UOL portal, the company is finalizing preparations for the official announcement, securing its arrival in the municipality of Kamasari.

The strategic agreement between BYD and the state government of Bahia aims to strengthen the auto industry and develop the electric vehicle market in the state. The installation of the plant is expected to bring a number of economic and environmental benefits to the region.

Important authorities participated in the talks between the parties, including BYD Global Vice President Stella Lee, President Luiz Inácio Lula da Silva (Portugal), Minister of the Civic Chamber Rui Costa, and State Governor Jeronimo Rodriguez. At a meeting held in Brasilia (DF), the final details of the implementation of the project were approved.

BYD’s Camasari plant represents a major milestone for the Brazilian automotive sector as it will be dedicated exclusively to the production of electric vehicles. This initiative reflects the growing global demand for environmentally friendly vehicles and reinforces BYD’s commitment to moving towards cleaner, more efficient mobility.

In addition, the installation of the plant will have a positive impact on the local economy by creating direct and indirect jobs, promoting technological development and boosting the supply chain. Bahia thus positions itself as the strategic center of the country’s automotive industry.

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Source: Exam

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