Don’t they only sell in China tho
They are winning the race because the sells numbers in china are artificially inflated
I must be imagining all the BYDs I see on the streets here in Shanghai, then.
China subsides BYD while taxing Tesla.
Almost all EVs sold in China are exempt from a vehicle purchase tax, making them more affordable for drivers, which then boosts overall consumer demand and revenue for automakers.
The biggest problem is Elone. Not only on the mess he made, Tesla only has a part time CEO, and Elon spent most of his time on his pet project X
I love my Tesla 3LR but our 2nd car will probably be a BYD Seal, that being said I’m in Australia and charging anything but a Tesla on road trips sucks, I have done it, they are my only real reservations but that’s not on the vehicle itself.
With BYD set to overtake Tesla, is there a reason the market cap is so massively in favour of Tesla?
BYD has much higher risk when China attacks Taiwan. US owners of BYD will lose everything. Tesla will lose one factory.
Because they’re in the low-end segment… Watch out when Tesla enters that segment.
They are in the same segment with the Seal and Seal U vs Model 3 and Y. An Han replacement will be up to date with the current S. The Yangwang cars are everything Tesla has promised for years. The Dolphin as what Tesla announced with their „cheap“ car and Seagul is more in line what the market actually wants in volume.
stupid question but are yangwang’s better built that S and X?
everytime I see an X, the front and rear door handles are so hilariously misaligned, I’m embarrassed for the owners.
Doubt it
They were the second larger BEV producer last year catching up massively to Tesla year over year. If they can keep up that pace, they will be number one next year.
The cars are cheaper.
BYD is more expensive than Tesla in my country, and lots of EU nations too.
You get a BYD here in Asia for nearly half the price than a Tesla. And they solid for everyday usage in the city.
Bingo.
BYD is focusing R&D on affordability. This is a winning strategy for mass sales not just in China but in many other countries.
It is why BYD is going to take the crown and keep going from there.
It will be interesting to see what the rumored Tesla Model 2 is like in regards to quality and price.
It seems automakers are finally realizing that affordability is key now if you want mass sales and world wide presence.
There just is only so many people who want premium and luxury. But I don’t see the Chinese entering the US and European market strongly. They would have to totally rebrand and change their design language. Only by buying failing western brands could they do well. As they did with MG and Volvo.
I would rather walk then buy a car made in China.
Thanks for doing your part for the environment by walking
They are selling the Han, Tang, Seal, Seal U, Dolphin and of course the Atto 3 in the Netherlands and seem to be doing quite well. I think they are selling more European countries but their Dutch importer Louwman seems quite keen on getting almost every model they sell into Europe https://www.bydauto.nl/
People said the same about Japanese cars in the 70s.
I bought a GWM H6 PHEV and I love it.
I get what you mean with Chinese brands BUT I get 5 years total coverage with free inspections and oil … so I don’t have to worry at all and in 5 years I switch the car anyways again as I know myself.
Went with the hybrid version gasoline+ev as it’s easier to make longer trips in my country as the charging coverage is not yet superb in Asia.
I was also against Chinese brands till I tested them myself and so far no problems. Lets see after the 5 years but I bet I sold the car by then.
BYD is more than just focusing R&D on “affordability”, although they are certainly the clear number 1 on affordability.
After all, BYD literally just launched a 150k USD massive luxury hardcore SUV with a bespoke ladder frame chassis, 4 motor drivetrain with 1000 plus total horsepower, fully independent electromechanicohydraulic suspension at all 4 corners, and so meticulously waterproofed that it can float in water for 30 minutes without any water ingress into the passenger cabin. There is nothing affordable about the U8, yet BYD just launched it within months of launching their gamechanging 10k USD Seagull.
BYD & GWM took over big time so far.
Toyota & Honda are still in development of EV cars here in Asia. They don’t have the one they have in Europe/USA
Tesla is cutting prices every month lol but yeah they can’t compete with BYD
Volvo is trying hard… but Volvo is so expensive I don’t get which people buy them compared to Tesla. I would go with Tesla.
BMW, Porsche and Mercedes if you want the high end … but they mostly have hybrids not full EV yet. But some models coming now.
USA/Europe is different than Asia though here in Asia people like Chinese cars if the price is right.
Volvo’s have nicer materials in car than Teslas, as I’ve heard I haven’t experienced this personally.
Agree. Americans largely only look at Teslas because the subsidies render most other EVs not price competitive but outside of the US, Teslas are pretty poor value for entry level EVs.
Yep, last I looked, I think about 80% of BYD’s sales are in different segments than Tesla.
BYD is no slouch but it’s not the best comparison.
Har a taxi ride in a BYD tang, would definitely take that over a model Y if i were in the market.
I was in an Uber model 3 on the way to the airport recently and the person I was speaking with said he didn’t like Tesla Ubers because riding in the back is bumpy and I immediately knew what he meant.
Yeah I have a model 3. It’s a great car, but the back seats are really only for my kids.
I would much rather buy a car in BYD’s preferred “segment” (a car with a motor and some batteries to get me and my stuff from A to B) than Tesla’s (overly fancy and techy robot stuff with bits of luxury)
Not in Germany :(
A BYD in the same class as a MY/M3 is more expensive than these are outside of the US.
Depends on the market. BYDs are significantly cheaper than Teslas in SE Asian, Australian, and Latin American markets, places with no domestic champion automakers to protect and therefore logical targets for BYD to sell at cheap prices to gain marketshare rapidly.
Just for a quick comparison here for LATAM markets: the cheapest Tesla I could buy right now is a 2019, 21k miles Model 3 priced at around 74,327 USD from some random dude. Meanwhile, I can buy a brand new BYD Seal, with similar specs, at 61,296 USD directly from a dealership.
BYD has a lot of dealership and is opening two factories in the country. So repairs might not be as expensive in the future.
I would much rather have a Tesla, but it does not make much sense financially.
They’ve out Toyota’d Toyota - good for them.
Nice enough, reasonable price, good range - exactly what most people want in an EV.
I think Tesla will just let BYD have the lowest market segment. I don’t see Tesla making a car that is just around town. Since that is the largest volume sales BYD will do very well.
Tesla’s gen3 is about to enter that segment. However, they waited until they had the tech to actually make it profitably.
Yeah, yeah… their 24k car that will maybe arrive in 3 years while even Stellantis is able to build a sub 20k car in Europe for early next year.
Tesla’s $20k car won’t be some low-range junk.
Dacia is already selling a sub 20k € Spring
Seriously gonna consider that junk to a Tesla? When Tesla comes in that segment they will do so with a category killer like the S, Y and 3.
Is it better to make $2 each on 50 vehicles, or $1 each on 100 vehicles?
(I don’t know)
Be curious if they ever come to NA
Why risk a huge loss due to a tariff rise. Better to dominate every market ex-us first.
It’s Chinese. Pass or until it’s CCP is eradicated.
BYDs are seemingly reliable (although we can’t know for sure yet) and cheaper than Teslas to repair. That’s a huge part of the equation.
They actually care about build quality and have proper QA?
Not as good as a western brand, but not bad. The problem is post sales. Everyone I know that has one has tons of problems post sales. Either months to address issues or nowhere to be found. This applies to Lynk & Co also.