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BYD overtakes Tesla's electric car sales in last quarter of 2023

bbc.com

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Re: BYD overtakes Tesla's electric car sales in last quarter of 2023

#11

Post by rsynnott »

hunglee2 wrote: post #5

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.

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.

Re: BYD overtakes Tesla's electric car sales in last quarter of 2023

#12

Post by singularity2001 »

alephnerd wrote: post #2

Why do people keep posting this on HN? I've seen every variation of this almost daily on HN.

you'd think that modern companies have professional grassroots marketing experts who position posts on forums like these, but I'm not sure.

Re: BYD overtakes Tesla's electric car sales in last quarter of 2023

#14

Post by bryanlarsen »

rout39574 wrote: post #3
alephnerd wrote: post #2

Why do people keep posting this on HN? I've seen every variation of this almost daily on HN.

Because it's trendy to dish on Musk? 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.

BYD does not sell NEV's; their cheapest model (the Seagull) has passed European safety rules for highway speeds.

Re: BYD overtakes Tesla's electric car sales in last quarter of 2023

#15

Post by jase321 »

Synaesthesia wrote: post #7

It’s remarkable growth. 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…

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.

Re: BYD overtakes Tesla's electric car sales in last quarter of 2023

#16

Post by jase321 »

hunglee2 wrote: post #5

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.

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).
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