China’s BYD became the world’s No. 2 seller of electric vehicles globally for the first six months of 2022 on the strength of lower-priced models, trailing only Tesla, while the Hyundai Motor group rose to fifth, reports Nikkei Asia.
BYD, which was fourth in 2021, sold 324,000 EVs in the January-June half to pass Chinese rival SAIC Motor and Volkswagen. The Berkshire Hathaway-backed company ended production of gasoline-powered vehicles in March to focus on electrics and plug-in hybrids.
BYD also sold more than 300,000 plug-in hybrids in the first half of 2022. When these are considered along with the EVs, the company ranked as the world’s top seller of electrified autos.