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Benzinga
Benzinga
Technology
Anusuya Lahiri

Warren Buffett-Backed EV Maker Ranked Amongst Top 3 Automakers in China Beating Tesla, Nio, Xpeng

Warren Buffett BYD China NYSE Berkshire Hathaway Tesla Inc.

Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) -backed Chinese EV maker BYD Co, Ltd's (OTC:BYDDY) sales more than doubled in May, making it one of the top three automakers in China, CNBC reports.

BYD dominated new energy vehicles, including hybrid and battery-powered cars, and ranked among the top three brands in the largest automobile market by passenger car sales.

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