China’s leading EV manufacturer, BYD, is catching up with Tesla in sales, according to sales figures published by Reuters. The company posted a 21 percent increase in electric vehicle sales throughout the second quarter. This totals 426,039 EVs from April to June, which is just 12,000 fewer vehicles than Tesla’s estimated deliveries for the same time period. This places BYD in a good position to become the world’s leading vendor.
Tesla just reported a five percent drop in deliveries for the most recent quarter, which is the first time the company has ever experienced
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