BYD overtakes Tesla's electric car sales in last quarter of 2023

Because it's trendy to dish on Musk?

Comparing BYD sales of neighborhood electric vehicles with Tesla's sales is deliberately deceptive, but "BYD SOLD MORE UNITS". BYD can lengthen their lead by also selling electric skateboards and RC cars.

People find it interesting maybe? I know I do, and this is the first I've seen it. I would normally estimate that I check the front page "a lot".

I’m pretty sure it’s karma farming to some degree. I see it so much with news stories which will have articules with similar content rewriting each other, and end up like this posted repeatedly over a week or so.

Anyways, I flagged as duplicate, nothing new in this piece compared to the ones from 3 days ago.

you'd think that modern companies have professional grassroots marketing experts who position posts on forums like these, but I'm not sure.

BYD battery tech is just phenomenal. I have seen in the factory demo where fully charge battery being punctured without triggering any explosion. Their battery is no longer subsidized by their government. China EVs and their battery have now enter into pure competition market-based situation. Meanwhile Tesla still rely heavily on tax break by American and European countries. In Asia, Tesla sales mostly shrunk in the last 2 quarters with BYD overselling them by 2 to 5 unit. Tesla is fast becoming the new Solyndra maybe in 10 years time it will be just a small niched boutique EV Ferrari.

> Euro-China JV's might be in with a chance

They already are due to Volvo/Polestar and MG.

Clearly, acquiring a heritage Western brand is a great way to help expand market share within the West while minimizing blowback.

I’m not sure why you’d expect anyone to ‘win’? That’s not really how these sorts of markets tend to work. IIRC, currently VW Group, Tesla, BYD, Hyundai and Stellantis have 10-15% each of the European market (VW has a small lead, but it’s a couple percent); there’s no particular reason to think that any one will take over.

Tesla’s about half the US market, BYD’s 35% of the Chinese one. If anything, you’d expect that Tesla’s current US market dominance is more a function of the relative immaturity of the US market than anything else; for various reasons it got mainstream-appropriate electric cars somewhat later than Europe and China, and the US market is the smallest of the big three, though it’s catching up. It would be reasonable to expect the US market to trend more like the European one over time; a bunch of companies with smaller shares of a larger market.

Nope. BYD is currently outselling Tesla in Australia, New Zealand and Thailand. It is just a matter of time Ford and GM will slaughter Tesla when the tech is prevalent enough. By the way, Tesla has their giga factory in China and still can't outcompete BYD even if just purely on cost. Remember the huge Tesla deal by Hertz? Yup, gone up in smoke. If they do BYD they still have a chance. Tesla is just too expensive, easily double the price and very cpstly to maintain over the long run. Their replacement parts and labour is very costly which seems to be actively suppressed not make into news (similar to their crashes).