Chinese electric car manufacturers surpass Elon Musk

Chinese electric car manufacturers surpass Elon Musk

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Yes: Sebastian Oppenheimer

Dampener for Elon Musk: Chinese electronics manufacturer BYD has increased its sales significantly and stripped Tesla of the industry.

Austin – For manufacturers of American electric cars Tesla things are not going well at the moment: A completely new factory inside Grünheide near Berlin, which reopened after a long delay – now I had to do it again stop production. Tesla also recently received a negative rating for customer satisfaction. Now another obstacle for company boss Elon Musk (51): Manufacturers of Chinese electric vehicles BYD (Build Your Dreams) have challenged Tesla in terms of sales of electric vehicles.

Back to back: Tesla is no longer number one in terms of sales in the first half of 2022. (icon photo) © ZUMA Wire / Imago

Tesla ousted: Chinese manufacturer sells more electric cars than Elon Musk

According to Message Chinese electric car manufacturer, in which investment giant Warren Buffet (91) also owns shares, was able to sell more than 640,000 cars in the first half of 2022. A significant increase of about 315 percent compared to the same period last year. Tesla, on the other hand, reported sales of nearly 564,000 cars in the first half of the year.

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BYD sells more electric cars than Tesla – but also includes its own plug-in hybrids

However, BYD provides a summary of its electric vehicles under the term NEV (New Energy Vehicles) – and this includes not only clean electric vehicles, but also plug-in hybrids. And the number of temporary electric vehicles in total car sales is not quite small: it was about 50 percent in June. BYD completely stopped the production of clean combustion engines in March.

Recently there has been controversy over job cuts at Tesla: In a local email Elon Musk announced a ten percent reduction in employment in the automotive manufacturer. Shortly afterwards, however, he stepped back and announced that the number of permanent workers should be reduced and that more part-time workers should be employed.