Tesla’s China sales were strong at the start of this year, ranking the carmaker first among pure-electric brands. It delivered 65,814 vehicles from its Shanghai factory in March, with the majority of those sold in the Chinese market. That number was up 85% from a year ago. <\/div>\n
But that was before authorities shut down Shanghai for two months to contain the city’s worst Covid outbreak. Tesla’s sales dived 98% in April.<\/div>\n
BYD, which is one of the biggest sellers of new energy vehicles in China, wasn’t hit by the country’s sweeping lockdowns. In April, BYD continued to dominate the market, selling a record 106,000 cars.<\/p>\n
Analysts have attributed BYD’s resilience in sales to its “vertical integrated supply chain.” The business model has made BYD less vulnerable to supply chain disruptions during China’s Covid lockdowns, while rivals had to cut back production because of chip and battery shortages.<\/div>\n
– CNN’s Beijing bureau contributed to this report.<\/em><\/p>\n<\/div>\n .<\/p>\n","protected":false},"excerpt":{"rendered":"
“BYD respects Tesla, and we also admire Tesla,” said Lian Yubo, BYD’s executive vice president, in a video interview with an anchor from CGTN. “We are now good friends with Elon Musk, and we are going to supply him with batteries very soon,” he added. The video was released by the anchor on Chinese social …<\/p>\n
Tesla EVs: BYD will supply batteries to ‘good friend’ Elon Musk ‘very soon’<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[50,18905],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220608013856-01-yd-tesla-supplying-ev-battery-super-tease.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/42002"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=42002"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/42002\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=42002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=42002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=42002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}