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China’s BYD was written off by Elon Musk. Now it’s beating Tesla

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SMACIN GRACEFULL TEAM China’s BYD was written off by Elon Musk. Now it’s beating Tesla The Shenzhen-based electric carmaker sold more than 641,000 vehicles in the first half of 2022. ADVERTISEMENT Beijing, China – The Chinese company that this month dethroned Tesla as the world’s top seller of electric cars is no household name. ADVERTISEMENT BYD, founded in 1995 by entrepreneur Wang Chuanfu, has little brand recognition outside China despite selling some 641,000 pure electric and hybrid vehicles in the first half of 2022 – nearly 80,000 more than its Texas-based rival. ADVERTISEMENT But for Tony Fu, the owner of a BYD Tang PHEV hybrid since 2015, the Shenzhen-based company’s roaring success is no surprise. “Its prices are much better than Tesla’s,” Fu, who lives in Shanghai, told reporters. ADVERTISEMENT CLICK TO EXPLOR

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