Comparing BYD sales of neighborhood electric vehicles with Tesla's sales is deliberately deceptive, but "BYD SOLD MORE UNITS". BYD can lengthen their lead by also selling electric skateboards and RC cars.
I’m pretty sure it’s karma farming to some degree. I see it so much with news stories which will have articules with similar content rewriting each other, and end up like this posted repeatedly over a week or so.
Anyways, I flagged as duplicate, nothing new in this piece compared to the ones from 3 days ago.
Tesla obviously has the US market sewn up, BYD leading the pack in China, but unclear whether either of them will win in Europe. Euro-China JV's might be in with a chance, VW launching an made-in-china marqued for Europe EV soon.
yep, Western brand + China build = strong combo. Also ICE OEM's can't seem to compete directly with their own efforts atm, and it's a do or die race over the next 2 years
I’m not sure why you’d expect anyone to ‘win’? That’s not really how these sorts of markets tend to work. IIRC, currently VW Group, Tesla, BYD, Hyundai and Stellantis have 10-15% each of the European market (VW has a small lead, but it’s a couple percent); there’s no particular reason to think that any one will take over.
Tesla’s about half the US market, BYD’s 35% of the Chinese one. If anything, you’d expect that Tesla’s current US market dominance is more a function of the relative immaturity of the US market than anything else; for various reasons it got mainstream-appropriate electric cars somewhat later than Europe and China, and the US market is the smallest of the big three, though it’s catching up. It would be reasonable to expect the US market to trend more like the European one over time; a bunch of companies with smaller shares of a larger market.
Nope. BYD is currently outselling Tesla in Australia, New Zealand and Thailand. It is just a matter of time Ford and GM will slaughter Tesla when the tech is prevalent enough. By the way, Tesla has their giga factory in China and still can't outcompete BYD even if just purely on cost. Remember the huge Tesla deal by Hertz? Yup, gone up in smoke. If they do BYD they still have a chance. Tesla is just too expensive, easily double the price and very cpstly to maintain over the long run. Their replacement parts and labour is very costly which seems to be actively suppressed not make into news (similar to their crashes).
If there’s anything China can teach the world it’s that the state has a large role to play in creating growth and development and that any country can develop to be an advanced economy. 40 years ago China was poorer per capita GDP than Ghana.
South Africa where I live, was always significantly richer than China. We are at risk of losing our car assembly plants. The government isn’t helping set up electric vehicle assembly here. In fact there’s so many more things we could be doing, like providing housing to people.
BYD battery tech is just phenomenal. I have seen in the factory demo where fully charge battery being punctured without triggering any explosion. Their battery is no longer subsidized by their government. China EVs and their battery have now enter into pure competition market-based situation. Meanwhile Tesla still rely heavily on tax break by American and European countries. In Asia, Tesla sales mostly shrunk in the last 2 quarters with BYD overselling them by 2 to 5 unit. Tesla is fast becoming the new Solyndra maybe in 10 years time it will be just a small niched boutique EV Ferrari.
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[ 2.7 ms ] story [ 51.3 ms ] threadComparing BYD sales of neighborhood electric vehicles with Tesla's sales is deliberately deceptive, but "BYD SOLD MORE UNITS". BYD can lengthen their lead by also selling electric skateboards and RC cars.
Anyways, I flagged as duplicate, nothing new in this piece compared to the ones from 3 days ago.
They already are due to Volvo/Polestar and MG.
Clearly, acquiring a heritage Western brand is a great way to help expand market share within the West while minimizing blowback.
Tesla’s about half the US market, BYD’s 35% of the Chinese one. If anything, you’d expect that Tesla’s current US market dominance is more a function of the relative immaturity of the US market than anything else; for various reasons it got mainstream-appropriate electric cars somewhat later than Europe and China, and the US market is the smallest of the big three, though it’s catching up. It would be reasonable to expect the US market to trend more like the European one over time; a bunch of companies with smaller shares of a larger market.
If there’s anything China can teach the world it’s that the state has a large role to play in creating growth and development and that any country can develop to be an advanced economy. 40 years ago China was poorer per capita GDP than Ghana.
South Africa where I live, was always significantly richer than China. We are at risk of losing our car assembly plants. The government isn’t helping set up electric vehicle assembly here. In fact there’s so many more things we could be doing, like providing housing to people.