Tesla Motors ended last year with a record production of more than 1.8 million electric vehicles, but was overtaken in all-electric volume for the first time in the latest quarter by China’s ambitious BYD.
So, in the last three months of the year, BYD delivered 526,000 cars, and Tesla Motors – 484,000. It must be said that on average Tesla Motors cars cost more than BYD, a Chinese company that also produces hybrid cars and announced the construction of a plant in Hungary.
Last year, BYD produced 3 million vehicles, of which 1.6 million were hybrids and 1.4 million were fully electric.
Tesla Motors had its best year ever, especially as it also ramped up production at its German plant. In total, 1.85 million Tesla Motors cars were produced in the world last year, and this year the milestone of 2 million is expected to be exceeded.
BYD is the most ambitious of the “new Chinese car wave” companies, with some estimates pointing to the possibility of selling 800,000 electric cars in Europe by 2030, but that seems hard to achieve, especially as Europe legislates against cheap cars from China.
Sources: Reuters, Guardian
Photo source: Dreamstime.com
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.