Warren Buffett-Backed BYD Hits 6 Million EVs, Puts Pressure On Tesla In China

Benzinga ·  11/27/2023 14:47

Chinese EV giant BYD Co Ltd (OTCPK: BYDDY) (OTCPK: BYDDF), considered a rival to Tesla Inc (NASDAQ:TSLA) announced on Saturday that it has achieved a significant milestone in the electric vehicle industry by rolling out its 6 millionth new energy vehicle (NEV).What Happened: BYD made the announcement merely three months after it announced that its NEV production has touched 5 million and a year after it announced the rollout of its 3 millionth NEV. Interestingly, BYD took 13 years to build the first one million new energy vehicles. In China, the term NEV refers to electric-powered automobiles, encompassing battery electric vehicles

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