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The Shenzhen-based, Chinese automaker BYD Co’s (OTC: BYDDF) all-electric vehicle sales more than doubled in July and the company sold more vehicles than the combined delivery numbers of the three homegrown newcomers Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV), and Li Auto (NASDAQ: Li) during the month. What Happened: Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett-backed BYD sold 24,996 battery-powered electric vehicles in July, a 139% jump year-on-year.
...read full article on Benzinga
