BYD Sold More EVs Than Tesla In 2022, Income Skyrockets Over 400%

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BYD Sold More EVs Than Tesla In 2022, Income Skyrockets Over 400%
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BYD Sold More EVs Than Tesla In 2022, Income Skyrockets Over 400% via insideevs.com

BYD put an end to ICE car production last year. It's also beginning to expand its global footprint, with moves into Australia, Denmark, Norway, Thailand, and the UK. Soon, BYD may become a more notable Tesla rival in many areas outside of its home market.

BYD plans to launch new luxury EVs going forward, which should help it grow even more and better compete with Tesla. However, , along with many markets around the world. This means BYD and other rivals may see smaller margins for 2023.notes that BYD's stock shares were up 1.5% ahead of the company's release of its 2022 results, though, like many stocks in the segment, the shares are down 20% since February 2022. An automotive sales slump in China and the price war have had an impact.

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