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Benzinga
Benzinga
Technology
Rachit Vats

Warren Buffett-Backed BYD Continues To Outperform EV Rivals In May

Chinese new energy vehicle maker BYD Co (OTC: BYDDY) said on Thursday that sales of its battery-powered vehicle more than doubled in May despite nearly a two-month COVID-19 lockdown in Shanghai which disrupted supply chains and hit production for many of its rivals. 

What Happened: Shenzhen-based BYD said it sold 53,349 battery-powered vehicles in May, a jump of 185% year-on-year but a decline of 7% over April. 

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