Even if you want to stick your head in the sand about the reputation stuff, the fact that BYD increased so much in the same period should be worrying to Tesla
Reality is the average person doesnt really care about the reputation stuff and will just pick the better product at a certain price point. Tesla is just straight up getting out competed at this point.
Ford soared even more than BYD in Great Britain and is now no. 2 behind VW. BYD will get their share, but are far away from taking over. Their poor software, relatively high consumption, slow charging and lack of dealer networks result in car sales mainly to (long term)rental companies Also, BYD sold only 1700 BEVs in GB, the rest were ICE and,PHEV.
Tesla stock gains +20% as a result of this news
idk, if I was an over 100 year old company like Ford or almost 100 year old company like VW, and I saw a company that nobody never heard of even 5 years ago was doing 390% sales over the past year, I'd be pretty terrified.
I kinda hate it when media "reports" as if this was a battle between Tesla and BYD in Europe. They had a COMBINED market share of 0.8%(!!!) in Germany in july... And the insane growth numbers of BYD are only so high because they barely sold anything before. In absolute numbers their increase pales in comparison to other manufacturers with higher market share.
💩 quality & expensive, Wcgw?
Love it how Tesla spent billions on a plant in Berlin to achieve a combined market share of less than 1%
BYD is almost 25 years old.
BYD offers a model that's 30 % less than the cheapest Tesla.
So we better compare VW and bmw
BYD have a pretty decent reputation...
And BYD can outprice Tesla easily especially in the long run because they make far more components inhouse than any other carmaker. They have their own semiconductor foundries and their own cargo ships and everything between.
As a BYD owner: The software is generally not poor, in fact it mostly works well. It's featureless however, which seems to be the intention.
Sure, but we weren't hearing about it (at least not much) 5 years ago. Xpeng is also one to look out for, and they're a lot younger than BYD.
Tesla stock up 2.78% on the news.
BYD ceased all production of ICE in 2022. . . PHEV's make up about 35% of their total vehicle sales.
Damn! All signs pointing to good things ahead. They should give the CEO a bonus.
> They had a COMBINED market share of 0.8%(!!!) in Germany in july The conversation isn't about total market share, it's about EV market share.
Why not? They are carmakers and EVs are cars, The BYD number isn't even purely EVs. It doesn't change my point anyways. Combined 4% isn't the "Clash of the titans" these pieces prentend it to be.
Well, then let’s look at that. 18.4% of all new cars in Germany in July were electric. These were 48.614 vehicles in total. BYD had 1.126 and Tesla 1.110 of these. So BYD overtook Tesla. Their share of the EV market was both below 3% though. I didn’t find the exact numbers for the VAG group (VW plus their other brands) but their share of BEV was about 20% in recent months. Source: https://www.adac.de/news/neuzulassungen-kba/
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