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Electric cars in China

China's Warren Buffett-backed BYD overtakes Tesla in global EV sales

Shenzhen-based carmaker and battery group prepares to push into foreign markets

BYD has also overtaken South Korea's LG as the world's second-biggest producer of EV batteries.   © Reuters

WELLINGTON/HONG KONG/SEOUL (Financial Times) -- BYD, the Chinese auto giant backed by Warren Buffett's Berkshire Hathaway, has dethroned Elon Musk's Tesla as the world's biggest electric vehicle producer by sales, signaling China's rising dominance over the sector.

Shenzhen-based BYD sold 641,000 vehicles in the first six months of the year, a more than 300% jump from the same period a year earlier.

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