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

[KaiserX]

BYD has higher volume yet the profit per car sold is much much less than Teslas

 

[SaadH]

BYD has higher volume yet the profit per car sold is much much less than Teslas

BYD's make low end cheap cars whereas Tesla targets luxury car buyers and prices them accordingly even though their cars may not be up to the luxury standard, they are still priced as such. That's the reason why they have higher margins.

 

[beijingwalker]

China’s BYD poised to vie with Tesla in luxury EV market​

China's BYD poised to vie with Tesla in luxury EV market | KrASIA

Low profits drive maker into high-end segment, but company faces curbs overseas.

kr-asia.com

 

[beijingwalker]

China's BYD is passing Tesla in sales | Morning in America​

 

[rott]

Because they don’t do enough research to understand the difference between PHEVs and BEVs. They see a headline number BYD reports and roll with it.

Tesla sold more BEVs than BYD in 2022. That’s a fact. Not to mention Tesla is far more profitable than BYD.

Really? PHEVs aren't EVs? Just cause one is a Hybrid it's not considered as an EV?
Which school did you pass out from?

 

[Hamartia Antidote]

What more do you say? ? ? There is no such thing as Japanese cars in the electric car market. 85% of China's electric vehicle market belongs to Chinese brands, and the rest are brands such as Tesla and Volvo, and there are almost no Japanese cars.

That's true...but aren't you going against the point of the OP title? They are including BYD's hybrids in the total inorder to surpass Tesla's numbers..and Japan's auto industry sells lots of hybrids.

 

[Hamartia Antidote]

China's BYD is passing Tesla in sales | Morning in America​

hmm NewsNation...not mainstream I think

but anyway from that video....911,140 is less than 1,313,851

 

[beijingwalker]

BYD beats Tesla in 2022 EV sales, vindicating Warren Buffett’s bet

The lay-offs in China’s technology industry and the pandemic-ravaged economy are pushing buyers down market towards cheaper, locally made EVs, instead of imported models or foreign brands like Tesla.

www.scmp.com

China’s BYD Topped Tesla as the World’s Top Seller of Electronic Vehicles

China’s EV shoppers increasingly favor affordable domestic brands like BYD over foreign ones amid the country’s pandemic-ravaged economy.

observer.com