BYD quarterly sales beat Tesla for first time

Post by maxglute » Wed, Oct 30, 2024, 9:36 PM UTC

fairity wrote: post #78

hangonhn wrote: post #21

Earlier quoted context omitted.

They're now mostly in the form of tax rebates and cheap loans these days. According to the Nikkei ( https://asia.nikkei.com/Spotlight/Datawatch/China-s-hidden-s... ) : "BYD received a total of 37.1 billion yuan in tax rebates over the five-year period, nearly four times the 9.3 billion yuan it received in subsidies. Additionally, BYD has secured long-term bank loans at interest rates between 2.05% and 2.98%, lower th…

Thanks for the information! So, if the subsidies are in the form of tax rebates and subsidized loans, is it safe to say, the full economic benefit of these subsidies as a percentage of vehicle sales revenue is single digits? If so, it seems like there's little reason to doubt that BYD would be immensely successful in the US without tarrifs.

Post by tonyedgecombe » Wed, Oct 30, 2024, 9:43 PM UTC

ProfessorLayton wrote: post #30

kelnos wrote: post #18

Earlier quoted context omitted.

The problem is when it's not fair competition. Certainly Tesla has received government subsidies, but I expect their numbers to pale in comparison to whatever money the Chinese government has directly and indirectly poured into BYD. Flooding foreign markets with your heavily-subsidized cars in order to kill your competition is great for you, but not so great for competitors in the market of sale.

I don't disagree with you that it's unfair, but from the perspective of a country without an industry to lose, they have everything to gain from a race to the bottom. How does a rich, car-exporting country convince a less rich and car-importing country to not buy that inexpensive car from China and instead buy a more expensive one? Tariffs can't address this issue.

Post by solumunus » Wed, Oct 30, 2024, 9:46 PM UTC

nujabe wrote: post #82

_mlbt wrote: post #49

Earlier quoted context omitted.

For me it’s not so much about the tariffs. Personally, I have concerns about driving a network connected car that is ultimately controlled by one of my country’s main geopolitical adversaries. There is a nonzero chance that if war breaks out between them, best case they spy on me or brick some functionality, and worst case they weaponize a software update to do something malicious. EDIT: Just to clarify, I would love…

Isn't that a good thing? Personally, I would much rather be spied on by the CCP than the NSA.

Post by IncreasePosts » Wed, Oct 30, 2024, 9:55 PM UTC

freeone3000 wrote: post #62

tivert wrote: post #58

Earlier quoted context omitted.

> Only reason they wouldn't take off outside China is the astronomical tariffs the West are putting on Chinese cars (100% in the US). Yeah, due to Chinese state subsidies and other assistance, China has a competitive advantage in automobile manufacturing as well as in many other areas. The US needs to show its commitment to free market principles and lets its auto industry die already.

It would probably be better for the consumer.

Post by Neonlicht » Wed, Oct 30, 2024, 10:03 PM UTC

adriancr wrote: post #84

basiccalendar74 wrote: post #79

Earlier quoted context omitted.

you are comparing a sedan and suv though. byd seal is a better comparison to model 3

Allright, byd seal 46k euros, 570km wltp, 82.5kwh battery tesla model 3, rwd, long range, 46k euros, 702km wltp (18" wheels), 78.1kwh battery Tesla has quite impressive effiency... at same price with less battery...