Caixin
Jun 07, 2022 06:14 AM
BUSINESS

Buffett-Backed BYD Jumps Ahead of Tesla in Battery Metal Push

(Bloomberg) — China’s BYD Co. is once again the largest shipper of electric vehicles in the world’s top market after Shanghai’s lockdown disrupted rivals including Tesla Inc.

The Warren Buffett-backed car producer is also working on plans to deliver a longer-term advantage over competitors, aiming to become more directly involved in the mining of lithium, the raw material that’s crucial for EV batteries.

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