The company’s sales in the first six months of the year soared by 315% year-on-year to 641,350 EVs, shaking off industry disruption from Covid-related lockdowns in Shanghai. BYD’s sales in June also topped May’s 114,943. BYD's HK-traded shares have gained 35% in the past year, giving it a market value worth more than GM and Ford combined. Smaller China EV makers XPeng, NIO and Li Auto also reported year on-year sales gains in June. Warren Buffett’s Berkshire Hathaway holds a 7.7% stake in BYD, which ranked No.

Source: Forbes July 04, 2022 10:11 UTC