BYD Outsells Tesla in 2022, Delivering 1.86 Million Units, Mainly in China

[REhorror]

Wonder if this has anything to do with Mask buying and disrupting Twitter.
The US is really ruthless, even against their favorite son.

 

[REhorror]

Electric Viking already did some damage control videos.

I KNEW this guy has a dog in Tesla's stocks and cannot be trusted, he shittalked every companies except Tesla and BYD.

 

[Beidou2020]

Yes. Tesla is doomed. They even need to give discount. Lol..

@F-22Raptor poor thing. What happened to your Tesla $800 per shares prediction? Now is USD 108, Tomorrow will be $99 only.

At the beginning of 2022 that F-22 Craptor muppet (on my ignore list) was bragging about Tesla’s stock price and how Tesla was so dominant in the Chinese market. Less than 12 months later, Tesla’s stock has crashed and BYD is outselling Tesla

 

[F-22Raptor]

Yes. Tesla is doomed. They even need to give discount. Lol..

@F-22Raptor poor thing. What happened to your Tesla $800 per shares prediction? Now is USD 108, Tomorrow will be $99 only.

At the beginning of 2022 that F-22 Craptor muppet (on my ignore list) was bragging about Tesla’s stock price and how Tesla was so dominant in the Chinese market. Less than 12 months later, Tesla’s stock has crashed and BYD is outselling Tesla

Sold out with several hundred $K in profit.

Record quarter for delivery and production
Record year for delivery and production

Tesla growing at 40-50% a year, with no debt , and $20B in cash. Berlin and Texas ramping, Cyber truck ramping, 2M BEV production in 2023.

The entire market was down this year. Tesla significantly due to high interest rates and Elons purchase of Twitter. Regardless, Teslas growth story remains. I’ll buy back in once we see signs of a bottom and Fed pivot.

 

[mike2000 is back]

B

So just write to them to complain, they all reported the same result, ignoring a genius like you.

He is right though. BYD has made immense progress, and they now make great cars unlike in the past. However they still sell less pure electric cars than Tesla. Tesla doesnt makes PHEV cars, they only make BEV . In this regard Tesla is still the world leader. However if BYD keeps its current growth trajectory then they will match and might even surpass Tesla in BEV(which is what realky counts in EV) this coming years.
Moreover, BYD will have to work on her prices relative to brand, since Tesla still makes more than 9 times more profit than them (which I found shocking when i first heard the news ) eventhough BYD sold way more cars rhan Tesla overall.

Plus i think BYD is one of the few Chinese automaker who has all it takes to really go global and dominant globally this coming years. Your legacy state owned auto makers might have to give way or broken up a few years from now if the government isnt ready to keep them afloat or keep.subsidising them or they should just sell their plants to BYD in future.

 

[F-22Raptor]

B
He is right though. BYD has made immense progress, and they now make great cars unlike in the past. However they still sell less pure electric cars than Tesla. Tesla doesnt makes PHEV cars, they only make BEV . In this regard Tesla is still the world leader. However if BYD keeps its current growth trajectory then they will match and might even surpass Tesla in BEV(which is what realky counts in EV) this coming years.
Moreover, BYD will have to work on her prices relative to brand, since they still make less than 1/8th Tesla's Profit(which I found shocking when i first heard the news ) eventhough BYD sold way more cars rhan Tesla overall.

Plus i think BYD is one of the few Chinese automaker who has all it takes to really go global and dominant globally this coming years. Your legacy state owned auto makers might have to give way or broken up a few years from now if the government isnt ready to keep them afloat or keep.subsidising them or they should just sell their plants to BYD in future.

BYD is the Xiaomi of the EV world while Tesla is Apple. BYD moves large volumes, but aims at the lower class of buyers at little to no profit. Tesla is the prestige EV and rakes in a huge amount of profit. I’d much rather be Tesla.

 

[beijingwalker]

BYD is the Xiaomi of the EV world while Tesla is Apple. BYD moves large volumes, but aims at the lower class of buyers at little to no profit. Tesla is the prestige EV and rakes in a huge amount of profit. I’d much rather be Tesla.

Lol, but both Apple and Tesla are largely dependent on China and Chinese supplies for all parts, I always say in real sense they are more of Chinese companies than US.

 

[从八品主簿]

BYD is the Xiaomi of the EV world while Tesla is Apple. BYD moves large volumes, but aims at the lower class of buyers at little to no profit. Tesla is the prestige EV and rakes in a huge amount of profit. I’d much rather be Tesla.

I think BYD is like Toyota in the oil car era, occupying the market with cost-effectiveness. If you use the analogy of mobile phone brands, BYD is more like Samsung (with its own relatively complete supply system), Tesla is like Apple, and BYD is also advancing His high-end brand building, and BYD's overseas prices are actually much more expensive than those in the Chinese market. The car prices in the Chinese market should be said to be one of the lowest in the world.

 

[epebble]

Tesla sold 1.3M EVs

BYD sold 911K EVs

Stop using PHEVs to pump BYDs number

I have no dog in the fight; but what is the problem in clubbing together PHEV and EV? I think PHEV is a very viable product since the world will not setup charging stations as ubiquitously as gas stations for a very long time. An analogy may be the coexistence of both Diesel-Electric locomotives and Electric locomotives. We will never get rid of Diesel Electrics because not every place can be strung with power lines. U.S. has 50,000 miles of just Interstates. If you add State and County roads, it is more than 4 million miles. It will take a long time to setup Hundreds of Thousands of charging stations and feed them with Hundreds of Gigawatts of electric power.

 

[hydrabadi_arab]

BYD blade battery is best in the business, even Tesla have started using BYD battery in their cars. BYD can be Toyota of EV in couple of years as they expand to Europe.

 

[beijingwalker]

China’s BYD unveils luxury electric car brand in shift upmarket​

THU, JAN 05, 2023 - 06:56 PM

BYD launched the first of two new luxury electric-vehicle (EV) brands it is introducing this year, looking to broaden its rapidly expanding reach by shifting into the premium car segment.

The Shenzhen-based company unveiled its U8 sports utility vehicle, which falls under the Yangwang brand, at a press conference on Thursday (Jan 5). BYD said the SUV would be at the “million yuan” level, without providing further details. That would make it one of the most expensive EVs on the road in China. Tesla’s Model Y SUV has a base price of 288,900 yuan (S$56,293).

By expanding into higher priced EVs aimed at wealthier buyers while bolstering and renewing its existing lineup, BYD is increasingly encroaching upon market leader Tesla, which churns out around 70,000 EVs a month from its factory in Shanghai. BYD also unveiled a luxury electric sports sedan, the U9, on Thursday.

Outside of technical specs not a lot of other details were provided on the vehicles, though BYD said the U8 has four electric motors as well as the automaker’s signature blade batteries, and it can drive in water in emergencies. BYD has previously teased the safety capabilities of its new luxury marque, with footage of driving in icy conditions and with a puncture.

Warren Buffett-backed BYD’s sales of new-energy vehicles – including pure electric cars and hybrids – climbed to 1.86 million last year from about 604,000 in 2021, even as Covid impacted production.

A top BYD executive said in December that output was curtailed by at least 2,000 cars a day and that 20 per cent to 30 per cent of employees were unable to work and quarantining at home. Sales of its pure-electric cars fell month-on-month in December for the first time since February.

https://www.businesstimes.com.sg/companies-markets/chinas-byd-unveils-luxury-electric-car-brand-shift-upmarket

 

[beijingwalker]

China’s NEV sales seen reaching 6.5 million in 2022, up 96 percent: report
By Global Times
Published: Jan 06, 2023 01:59 AM

An NEV manufacturing line in Southwest China’s Chongqing Municipality Photo: VCG

Sales in China of new-energy vehicles (NEVs) in 2022 are estimated to have reached 6.49 million, a year-on-year increase of 96 percent, a new industry report says.

The report released by the China Passenger Car Association (CPCA) on Thursday also estimated that the sales of NEVs in December increased by 45 percent year-on-year to 730,000 units.

In December, the NEV market had strong production and sales momentum, with BYD’s sales reaching 234,598 units, SAIC-GM-Wuling Automobile selling 85,632 and Tesla selling 55,796, said the CPCA.

It is worth noting that BYD’s overseas sales in December exceeded 10,000 units again, reaching 11,300 vehicles, after it passed the milestone in November for the first time with 12,300 NEVs exported, according to a sales report released by BYD on Tuesday.

The fact that the withdrawal of government subsidies for NEVs was scheduled for December 31, 2022 also promoted NEV sales before the end of the year, according to the industry association.

For the whole of 2022, it is estimated that NEV sales were 6.49 million units, compared with 3.31 million units in 2021, a year-on-year increase of 96 percent, read the report.

BYD’s cumulative NEV sales volume in 2022 was 1.86 million units, a year-on-year growth of 208.64 percent, according to data sent to the Global Times from BYD on Wednesday. Its overseas sales for the full year have reached 55,900 vehicles, surpassing previous forecasts of 50,000 vehicles.

Tesla’s Shanghai Gigafactory delivered more than 710,000 NEVs in 2022, a year-on-year rise of 48 percent, with deliveries of the Model Y topping 450,000 vehicles, according to the CPCA’s estimate.

In 2022, a total of 1.31 million Tesla NEVs were delivered globally, a year-on-year rise of 40 percent, far surpassing the second place of 910,000 units, according to a statement sent from Tesla to the Global Times on Thursday.

It means that deliveries by Tesla’s Shanghai plant accounted for more than 50 percent of its global deliveries in 2022, coming less than three years after the first China-made Tesla was delivered. In August 2022, a total of one million NEVs rolled off the production line at Tesla’s Shanghai Gigafactory.

High efficiency is behind the massive delivery numbers, said Tesla, which also noted that the localization rate for parts in the Shanghai Gigafactory is higher than 95 percent.

The brand has expanded in China at tremendous speed. At present, Tesla has completed the construction of 10,000 supercharging stations in the Chinese mainland. By the end of December 2022, Tesla had more than 320 stores and service centers nationwide.

China’s NEV sales seen reaching 6.5 million in 2022, up 96 percent: report - Global Times

www.globaltimes.cn

 

[xuxu1457]

China is indeed a manufacturing paradise, and Tesla's Shanghai factory is a perfect example.
Tesla's Shanghai factory is far more efficient than Tesla's factories elsewhere, producing half of the world's Tesla cars.
It took less than a year for the factory to go from start-up to mass production.

 

[Hamartia Antidote]

Tesla's Shanghai factory is far more efficient than Tesla's factories elsewhere, producing half of the world's Tesla cars.
It took less than a year for the factory to go from start-up to mass production.

...yes and more EV's than even Chinese brand EV's largest factories can create.

This achievement obviously wasn't because of Chinese know-how.
This was all due to Tesla's forward thinking in advanced 21st century manufacturing...especially the Giga-presses.

 

[Beast]

Sold out with several hundred $K in profit.

Record quarter for delivery and production
Record year for delivery and production

Tesla growing at 40-50% a year, with no debt , and $20B in cash. Berlin and Texas ramping, Cyber truck ramping, 2M BEV production in 2023.

The entire market was down this year. Tesla significantly due to high interest rates and Elons purchase of Twitter. Regardless, Teslas growth story remains. I’ll buy back in once we see signs of a bottom and Fed pivot.

LOL.. That is the best Tesla going to enjoy. 2023 will be even more brutal. Better sell your Tesla stock and take lost before further damage. They even need to give steep discount show how desperate times is, Stock price also reflect that.

Poor Tesla and their investor! Tesla is finished. I told you that and BYD will steal their lunch. Fools like you blindly follow and pay the price!

...yes and more EV's than even Chinese brand EV's largest factories can create.

This achievement obviously wasn't because of Chinese know-how.
This was all due to Tesla's forward thinking in advanced 21st century manufacturing...especially the Giga-presses.

It is the Chinese who implement those plans not American. See how BYD also easily ramp up their production. Clearly show its Chinese who innovate. Tom Zhu even need to be send to teach white American a few things in US Tesla. Obviously, it a Chinese improvise method. Nothing to do with American.