Economy Chinese EV producer BYD overtakes rival Tesla with over $100 billion USD in annual sales

Sweater of AV

Titanium Belt
@Titanium
Joined
Aug 17, 2018
Messages
45,974
Reaction score
101,431
Classic case of too much winning imho.

Ecan should probably focus on his company instead of trying to fire 60 year olds from their government jobs because they took a bathroom break.


Chinese electric vehicle (EV) maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla.

The Shenzhen-based firm says revenue rose by 29% to come in at 777 billion yuan ($107bn; £83bn), boosted by sales of its hybrid vehicles. This topped the $97.7bn reported by Elon Musk's Tesla. BYD has also just launched a lower-priced car to rival Tesla's Model 3, which has long been the top selling EV in China. It comes as Tesla faces a backlash around the world over Musk's ties to US President Donald Trump, while Chinese carmakers have been hit with tariffs in Western countries.

BYD sold around the same number of EVs as Tesla last year – 1.76 million compared to 1.79 million, respectively. But when sales of the Chinese company's hybrid cars are taken into account it is much bigger, selling a record 4.3 million vehicles globally in 2024. On Sunday, BYD announced a new model to take on Tesla. Its Qin L model has a starting price in China of 119,800 yuan, while a basic version of Tesla's Model 3 is priced at 235,500 yuan.

It comes as Chinese consumers are cutting spending in the face of economic challenges, including a property crisis, slowing growth, and high local government debt.

Last week, BYD's founder Wang Chuanfu announced new battery charging technology, which he said could charge an EV in five minutes.That compares with around 15 minutes to charge a Tesla using its supercharger system. In February, BYD announced that its so-called "God's Eye" advanced driver-assistance technology would be available free in all its models.
 
So the CCP brand is the top selling brand in China now? Shocking

I suppose the left thinks they had something to do with this?
 
China stole all that Tesla tech.

For some time that was likely true, but it's getting harder to make that claim now considering they're arguably producing better stuff at a much lower cost. Tesla is likely going to have to play a bit of catch up if they want to stay at the top of the world market.

I'm still not sure we should be doing the whole China vs Tesla thing.

Buy something else. Buy something that isn't Tesla or made in Russia or China.

Unfortunately, these are two of the giants in the EV space so it's not changing any time soon. I agree people should buy something else though.
 
It’s hilarious leftists would rather buy CHINESE vehicles than Teslas because “orange man bad”.
By "leftest" I guess you mean the whole rest of the planet. It seems everyone but the Trumpers are creeped out by Musk, his sales are tanking everywhere. Not just the cars but countries are canceling starling contracts left and right.

You maybe should consider a little introspection, surely many of the people turned off by Musk are not leftest. Why do you guys need to paint such a picture of anyone who doesn't agree with you. In your mind are leftest evil? Is everyone who doesn't like Musk an enemy?
 
By "leftest" I guess you mean the whole rest of the planet. It seems everyone but the Trumpers are creeped out by Musk, his sales are tanking everywhere. Not just the cars but countries are canceling starling contracts left and right.

You maybe should consider a little introspection, surely many of the people turned off by Musk are not leftest. Why do you guys need to paint such a picture of anyone who doesn't agree with you. In your mind are leftest evil? Is everyone who doesn't like Musk an enemy?
The point is, they don’t want to buy teslas because “Elon is a fascist” yet they have no issue buying from China.

The reason we don’t sell them here is they are subsidized by slave labor.
 
For some time that was likely true, but it's getting harder to make that claim now considering they're arguably producing better stuff at a much lower cost. Tesla is likely going to have to play a bit of catch up if they want to stay at the top of the world market.



Unfortunately, these are two of the giants in the EV space so it's not changing any time soon. I agree people should buy something else though.

Plenty of competition in Europe, to be fair.

Europeans should buy European for the foreseeable.
 
Go ahead, help Trump by buying heavily tariffed Chinese EV.
 
Plenty of competition in Europe, to be fair.

Europeans should buy European for the foreseeable.

Oh yeah, Europeans should definitely buy European if the cars are solid. I just don't think the whole US vs China discussion is going anywhere any time soon.
 
For some time that was likely true, but it's getting harder to make that claim now considering they're arguably producing better stuff at a much lower cost. Tesla is likely going to have to play a bit of catch up if they want to stay at the top of the world market.

No Chinese EV makers actually turn a profit. The only reason they're able to sell at lower cost is due to heavy CCP subsidies.

In fact, the EU is actively investigating BYD for getting unfair subsidies.


 
Back
Top