BYD to slash EV prices even more with new platform, looks to crush ICE car sales
1–10 of 19 posts
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#2> Legacy automakers are already fearing BYD’s low-cost EVs. How will they respond to a new, even lower-cost cost EV platform?
Will they? Large companies have an astonishingly poor track record of even matching new competitors.
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#3> Legacy automakers are already fearing BYD’s low-cost EVs. How will they respond to a new, even lower-cost cost EV platform? Will they? Large companies have an astonishingly poor track record of even matching new competitors.
Will BYD ever sell in the US? Where are they exporting to? I have a feeling the US auto market isn't going to feel it at all so our legacy automakers will not have to respond in any way to BYD.
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#4> Legacy automakers are already fearing BYD’s low-cost EVs. How will they respond to a new, even lower-cost cost EV platform? Will they? Large companies have an astonishingly poor track record of even matching new competitors.
Will BYD ever sell in the US? Where are they exporting to? I have a feeling the US auto market isn't going to feel it at all so our legacy automakers will not have to respond in any way to BYD.
US legacy auto will have to respond to Tesla, as tariffs will likely keep BYD out of the US (while BYD consumes the rest of global TAM).
> After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. It’s gas-powered cars
“The enemy of my enemy is my friend.”
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#5Earlier quoted context omitted.
Will BYD ever sell in the US? Where are they exporting to? I have a feeling the US auto market isn't going to feel it at all so our legacy automakers will not have to respond in any way to BYD.
US legacy auto will have to respond to Tesla, as tariffs will likely keep BYD out of the US (while BYD consumes the rest of global TAM). > After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. It’s gas-powered cars “The enemy of my enemy is my friend.”
Yes, but as of yet Tesla isn't selling budget vehicles and have a niche of their own. And unfortunately it seems US auto decided to target the more luxury end of the spectrum and release expensive EVs at the worst possible time.
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#6Earlier quoted context omitted.
US legacy auto will have to respond to Tesla, as tariffs will likely keep BYD out of the US (while BYD consumes the rest of global TAM). > After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. It’s gas-powered cars “The enemy of my enemy is my friend.”
Yes, but as of yet Tesla isn't selling budget vehicles and have a niche of their own. And unfortunately it seems US auto decided to target the more luxury end of the spectrum and release expensive EVs at the worst possible time.
BYD targets volume, Tesla targets margin. The solution for Tesla to go downmarket is the Model 2 (codenamed Redwood).
https://www.motortrend.com/news/tesla-model-2-model-c-model-...
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#7Earlier quoted context omitted.
Yes, but as of yet Tesla isn't selling budget vehicles and have a niche of their own. And unfortunately it seems US auto decided to target the more luxury end of the spectrum and release expensive EVs at the worst possible time.
BYD targets volume, Tesla targets margin. The solution for Tesla to go downmarket is the Model 2 (codenamed Redwood). https://www.motortrend.com/news/tesla-model-2-model-c-model-...
If they can hit $25k for a Model Foo that would be awesome :)
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#8> Legacy automakers are already fearing BYD’s low-cost EVs. How will they respond to a new, even lower-cost cost EV platform? Will they? Large companies have an astonishingly poor track record of even matching new competitors.
Will BYD ever sell in the US? Where are they exporting to? I have a feeling the US auto market isn't going to feel it at all so our legacy automakers will not have to respond in any way to BYD.
One of the countries they’re exporting to is Australia and they have already gobbled up a big share of EV sales where I live. Based on my personal observations I see almost as many BYD as Tesla cars, however I suspect that in the last 12 months they’ve outsold Tesla. They are the cheapest EV in Australia at the moment.
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#9[deleted]
Re: BYD to slash EV prices even more with new platform, looks to crush ICE car sales
#10Earlier quoted context omitted.
Yes, but as of yet Tesla isn't selling budget vehicles and have a niche of their own. And unfortunately it seems US auto decided to target the more luxury end of the spectrum and release expensive EVs at the worst possible time.
BYD targets volume, Tesla targets margin. The solution for Tesla to go downmarket is the Model 2 (codenamed Redwood). https://www.motortrend.com/news/tesla-model-2-model-c-model-...
Another way to look at this is BYD targets revenue with profit secondary, Legacy manufacturers target profit with volume secondary, and Tesla targets margin with profits secondary.