This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability.
of potential challengers to Tesla’s EV dominance focuses mainly on big automakers like GM, Volkswagen and Ford, as well as promising startups including Rivian and Lucid. But it turns out that the company is already being challenges by China’s fast-growing manufacturers, including BYD, SAIC and NIO. In fact, though that includes plug-in hybrids which still use small gasoline engines.
Part of the reason BYD edged ahead of Tesla in the first half arose from the U.S. company’s production headaches at its Shanghai plant, which was hobbled in the second quarter by tough local Covid-related lockdown rules. As a result the company’s quarterly vehicle deliveries dropped by a bigger-than-expected 26% sequentially from the first quarter though they were up 18% from a year earlier.
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