According to StockApps.com, BYD has grown its production by 211% in 2022. This growth has helped BYD go ahead of Tesla, the previous leader in EV production. BYD expects to become the first automaker to exceed 2 million EVs in 2023.
BYD’s current presence in non-domestic markets is limited, but with its plans to build factories in Europe and Thailand to avoid EU tariffs on Chinese car imports, this could all change very quickly.
Source and more: BYD Grew Its Production by 211%, Dislodging Tesla as the World’s Leading EV Manufacturer
