Tesla Stock Vs. BYD Stock: EV Giant Breaks Out As It Seizes Tesla’s Crown

Reuters

Fans take BYD to task as recall confusion clouds Chinese EV maker’s image

Customers of China’s BYD Co Ltd, the world’s biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion. BYD has been a major beneficiary in the auto industry’s rapid shift toward electrification, propelled by the backing of U.S. billionaire investor Warren Buffet. A maker of both electric cars and buses, BYD also builds batteries which it has portrayed as the industry’s safest and which it is close to supplying U.S. EV peer Tesla Inc, BYD’s executive vice president has said.

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