A Warren Buffet-backed Tesla competitor is making a dent in Elon Musk's EV empire

Dec 8 2022 by Business Insider

 
BYD EV car store in Shanghai, China, in 2021.

Robert Way/iStock Editorial/Getty Images Plus

China's BYD is quickly gaining on Tesla, the world leader in electric car sales.  It's already sold twice as many EVs this year as it did in 2021.  BYD, backed by Warren Buffet's Berkshire Hathaway is planning two new premium brands.

Tesla has long dominated global sales of electric cars. But a Chinese newcomer is quickly gaining on Elon Musk's empire.

BYD started selling gasoline cars back in 2003...

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