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Chinese EV manufacturer BYD passes Tesla 4th qtr 2023

mbsieg

mbsieg

awful member
Platinum Patron
The cheap throwaway cars are coming here.

www.thecooldown.com

EV-maker BYD stuns the industry with its strategy to beat Tesla: 'Boardrooms ... are in a state of shock'

Chinese electric vehicle company BYD is not yet a household name in the U.S., but its bold blueprint to disrupt the global EV market could soon change that.
www.thecooldown.com www.thecooldown.com

Chinese electric vehicle company BYD is not yet a household name in the U.S., but its bold blueprint to disrupt the global EV market could soon change that narrative.
The automaker, backed by Warren Buffett’s Berkshire Hathaway, overtook Tesla as the world leader in EV sales in the final quarter of 2023, thanks in large part to its affordable cars.

“No one can match BYD on price. Period,” Michael Dunne, CEO of Asia-focused car consultancy Dunne Insights, told the Financial Times. “Boardrooms in America, Europe, Korea, and Japan are in a state of shock.”
A key BYD advantage lies in its complete control of its EV battery supply chain, enabling it to maintain low costs and undercut its competitors’ prices, as Fortune notes. That it owns everything from raw materials to completed battery packs is a crucial element since batteries account for 40% of a new EV’s price, according to Reuters.
 
Now you know, what some of the payments to the Obidens was for. Force EV on America, then let the Chinese cars in to dominate the market. Im sure they are not of high quality but a lot of folks buy tools from HarborFreight because of the price.
 
Time will tell but I would point out that China entered the US market back in 2,000 with the KIA. A piece of crap yes, but they prevailed and now they produce a line of vehicles as good or better than anything we produce here or in Europe. At least for the money.

The biggest drawback of EV's is not the limited charging we keep discussing here, but the sticker price. They come in low enough and the commuter market will gobble them up.

Also, if Tesla perfects the aluminum/sulfur battery, they can likely compete against this cheap import.

I am not keen on China imports but, free markets always develop better products. So,

Let the games begin.
 
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