BUSINESSJun 11 · 00:00 UTCSCMP CHINADaniel Ren

BYD powers past Geely as oil shock charges up global EV demand

BYD has regained its position as China’s leading carmaker, surpassing Geely Auto as global demand for battery-powered vehicles accelerates due to the energy crisis. The surge in oil prices, driven by the US-Israel war with Iran, boosted BYD’s overseas deliveries by 76% year on year.

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BYDorganizationGeely AutoorganizationShenzhenplaceelectric vehicletopicUS-Israel war with Iraneventoil pricestopicoverseas deliveriestopic

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