Tesla and BYD set fresh sales records in the second quarter, widening their lead as the world’s top-selling clean automakers.
Elon Musk-led Tesla delivered a record 466,140 cars worldwide in results posted Sunday, outpacing Wall Street estimates. BYD, China’s biggest-selling car brand, posted its best-ever quarterly sales results of 700,244 new-energy vehicles — half fully-electric sales, and the other plug-in hybrids.
BYD’s shares jumped as high as 3.2% Monday morning in Hong Kong. Tesla battery suppliers Contemporary Amperex Technology Co. Ltd. and LG Energy Solution Ltd. rose as much as 2.3% and 3.1% Monday respectively before paring gains.
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