Chinese automaker BYD reported record deliveries in 2022, which helped the company quintuple profits. BYD sold a boastful 1.86 million EVs and PHEVs just in 2022, which is more than the previous four years combined. Tesla and BYD have a positive relationship, and Tesla’s CEO, Elon Musk, acknowledges some of the EV makers in China as Tesla’s only true rivals. In March 2023, BYD’s sales of fully electric vehicles almost doubled the number from March 2022, reaching 102,670. 50% of BYD’s total production is made up of BEVs, and this share is believed to rise as consumers give up on … Continue reading Chinese Automaker BYD Posts Record Deliveries and Profits in 2022 Challenging Tesla’s Market Share