{"id":8241,"date":"2022-06-14T18:43:18","date_gmt":"2022-06-14T23:43:18","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=8241"},"modified":"2022-06-19T14:46:00","modified_gmt":"2022-06-19T19:46:00","slug":"warren-buffett-backed-ev-maker-ranked-amongst-top-3-automakers-in-china-beating-tesla-nio-xpeng","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=8241","title":{"rendered":"Warren Buffett-Backed EV Maker Ranked Amongst Top 3 Automakers in China Beating Tesla, Nio, Xpeng"},"content":{"rendered":"\n

Warren Buffett’s Berkshire Hathaway<\/strong> (NYSE: <\/a><\/a>BRK-B<\/strong><\/a>) -backed Chinese EV maker BYD Co, Ltd’s<\/strong>BYDDY<\/strong><\/a> sales more than doubled in May, making it one of the top three automakers in China, CNBC reports<\/a>.<\/p>\n\n\n\n

BYD dominated new energy<\/a> vehicles, including hybrid and battery-powered cars, and ranked among the top three brands in the largest automobile market by passenger car sales.<\/p>\n\n\n\n

BYD accounted for two of China’s top three bestselling new energy models in May. BYD’s feat remained unattainable by\u00a0Tesla, Inc<\/strong>\u00a0TSLA+2.39%<\/strong>+ Free Alerts<\/a>,\u00a0NIO Inc<\/strong>NIO+16.5%<\/strong>+ Free Alerts<\/a>, and\u00a0XPeng Inc<\/strong>XPEV+7.89%<\/strong>+ Free Alerts<\/a>.<\/p>\n\n\n\n

BYD sold 113,768 new energy passenger cars in May despite Covid lockdowns hitting supply chains and Chinese consumer sentiment. FAW-Volkswagen led with 150,009 vehicles sold.<\/p>\n\n\n\n

BYD’s sales grew by 159.5% year-on-year, while FAW-Volkswagen’s fell 10.6% Y\/Y. Geely Automobile Holdings Ltd<\/strong> <\/a>GELYY<\/strong><\/a> was the third-largest by passenger car sales, at 73,315, down 14.5% Y\/Y.<\/p>\n\n\n\n

BYD is also a battery maker<\/a> on the verge of becoming a significant EV brand<\/a> in China, with some of its models competing with Tesla in popularity.<\/p>\n\n\n\n

China’s passenger car sales dived 11.8% Y\/Y in May, while new energy vehicle sales climbed 91.2% Y\/Y. Within new energy vehicles, BYD topped, followed by\u00a0General Motors Company\u00a0<\/strong>GM+2.76%<\/strong>+ Free AlertsNYSE:\u00a0GM<\/a>General Motors$33.170.89(+2.76%)Get Free Alerts<\/a>Get ReportVol:17,888,666.0<\/p>\n\n\n\n

Day range:32.47\u00a0–\u00a033.5952 week:32.15\u00a0–\u00a067.21<\/p>\n\n\n\n

More about\u00a0GM<\/a>\u00a0joint venture with Wuling Motors and state-owned SAIC Motor.\u00a0<\/p>\n\n\n\n

Tesla China ranked third. FAW-Volkswagen topped for the first five months of the year, followed by BYD and then Changan Automobile.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B) -backed Chinese EV maker BYD Co, Ltd’sBYDDY sales more than doubled in May, making it one of the top<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421,3422],"tags":[888,3425],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8241"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8241"}],"version-history":[{"count":2,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8241\/revisions"}],"predecessor-version":[{"id":8243,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8241\/revisions\/8243"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8241"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}