How BYD killed Tesla! But can they stay on top?
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- čas přidán 26. 01. 2024
- From laughter to dominance: How BYD went from being ridiculed by Elon Musk to outselling Tesla in electric vehicles worldwide. Follow the journey of this once-small startup, mocked by industry giants, as it rises to the top spot in EV sales, leaving even Tesla in its wake. Can BYD maintain its new-found glory, especially with challenges in Europe and the U.S.?
Report: Joseph Wright, Frank Lukeit
Editing: Klaus Hellmig
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when German companies came to the Balkans and started destroying the domestic market with their prices, the Germans said it was democracy and market freedom, so Germans, enjoy the democracy and market freedom that the Chinese bring you👍👍👍👍👍
Just like Yugo had equal opportunities in the west. And that’s the difference; there’s no equality in China.
@@Robbert_nlthat is sarcasm, of course
@@Felixmax507 Which part?
@@Robbert_nlthe part you think that yugo was any serious competition. If it was it would not sell or allowed to be sold as we see the case with Chinese cars.
@@Felixmax507 I’m not going to fight all those assumptions. You don’t know what I think and apparently you have no idea about Yugo’s performance back then in Western Europe.
When these media mention Chinese government subsidies, they never mention that Volkswagen and Tesla also receive large subsidies.
Western media love to do China bashing for whatever the subject. The Chinese companies do not win because of government subsidies. They win because they worked hard persistently for decades and they are innovative while the Americans reject new technologies.
Double standards, the westerners are really good at it.
do they receive subsidies in China or in their own backyard only?
@@burhanilyas subsidies are subsidies here and China.
Why do you even think they would mention that and this video is all about BYD so just stick with the video narrative. Adding another point my thought is receiving subsidies on your native country isn’t a big or proud thing you can talk about when you want to sell your product to different countries.
BYD is also the supplier of the battery for Tesla,which explains everything.If you know some of the Tesla's history,China also rescued Musk in his hardest time--built a super factory in Shanghai within a short time.
So far Tesla has partnered with Japanese Panasonic (NCA type), South Korean LG Chem (NCM type) & Chinese CATL/BYD (LFP type) for battery power units...
It was a win-win. Tesla got a super-efficient giant factory to meet production demand, and China used the chance to build a complete EV supply chain that benefits all EV companies in China. The competition Tesla brought also set standards and sharpened Chinese EV competitiveness.
Yet Telsa wants U.S government to prevent BYD coming to U.S . EM is a,two face person
Practically China made the name for Tesla
Businesses appreciate one another's achievements and at times their hardships.
Governments and their politicians are totally different animals.
It sounds as if Airbus and Boeing never recieved any subsidies...
Chinese airplane will beat Boeing in decades of years
TESLA and Volkswagen also receive subsidies, larger than BYD
It’s ok if German cars are selling well in China but not ok if China cars are selling in Europe?
Can we call it unfairness?
You do know that China is a dictatorship, right?
yes and no, german brands produce car localy in china with "join ventures" with local companies, otherwise huge import tax are applied, meanwhile no chinese company produce car in Europe
Untrue, if German car want to manufacture in China, Cooperate is needed. There is no such thing as more tax , if it’s not made in China. You maks up stuff man. If so it’s a war !
Untrue, if German car want to manufacture in China, Cooperate is needed. There is no such thing as more tax , if it’s not made in China. You maks up stuff man. If so it’s a war !
Volkswagen EV and Tesla enjoy the same tax benefit in China as BYD.
Do they enjoy the same treatment by the Chinese Government? Is BYD able to produce more cheaply due to Government subsidies and leniency in oversight?
@@bck0001They enjoy the same subsidies and have to follow the same rules as all local EV manufacturers in China
@@bck0001stop crying and throw this question back to the governments of their respective origin countries. Don’t be a cry baby and being sour, look at the question and reflect it by yourself, before asking stupid question. Can US the so called “no 1 country” in the world able to do that huh? There’s thousands sanctions against China in many sectors, do you see them crying?
@@bck0001Volkswagen partnered with biggest state owned auto makers in China. BYD is private enterprise. Volkswagen in a way have more privilege than BYD. Yet VW is losing its share in China.
@@xxxx-dh9pk the Government provides the sale incentives to BYD corporation as is does Tesla? The video itself stated that BYD receives a large volume of incentives from the Chinese Government, which allows BYD to undercut on price.
I took the plunge and leased a BYD Atto 3 this year. I honestly have to say I haven't ever owned a better put together car. Previous cars in the household have been Honda Civic and CRV, VW Golf and Subaru XV. In all of them I found something not right in the assembly, or they were recalled for faults. So far I cannot fault the BYD, except for the OEM choice of tyres which haven't performed so well in wet weather (will be swapping to either Michelin or Continental soon.). I can honestly say old school car manufacturers have a BIG problem in front of them as BYD is pumping out a quality product at a very reasonable price point.
I would like to get a month by month evaluation as time goes by...tyres..is 1...but an important 1..I look forward...this is not a knock to BYD..
I agree with you. I have the BYD Atto 3 元plus for two years now. I haven't owned a car that made me happier. There are so many feaures the BYD gives to the driver and passengers, I don't know where to start. It is truly an unbelievable car, and very safe. Extremely well engineered. Amazing.
Not true. BYD shill reporting.
I'm from the USA retired now in The Philippines and buying a BYD.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 enjoy your 💩
BYF ? Buy Your Filipina.😅
@@user-ne8yi1io4hLol. BYD, buy your China made. Then it explodes in a couple of days
Congrats...!
Why USA promote free trade but raise 27% taxes on Chinese BEV??
there is 3nm micro wordings state that US must be the top chain of free market.
Because it's America.
Because America doesn't want communist country rule the world. Actually nobody does
BYD Lol can't beat Tesla Globally only in China
>> Why USA promote free trade but raise 27% taxes on Chinese BEV??
Heading should be " BYD and Tesla emerge victorious in EV race, while German auto industry in graveyard"
Not just German, US big auto brands too.
EV market completly imploding !
Hertz (that rental comp) just dropt 20 000 tesla's because nobody hires them
in my small EU country (say smaller than texas)
another 20 000 5y company lease tesla's will hit the second hand market this year
(x15 or 20 other EU country's)
to mine lithium etc it needs african an chinese Slave labor
if ya drive it daily the battery lasts for 5y, and than to replace the battery
costs more that the cars total valeu
to make 1 battery ya need 10 years of heavy pick-up diesel to melt
& extract all the lithium and cobalt from its mining or
exaggeraated. Gernan auto sector is responding now
Japan and korean cars too
Not exactly because German auto makers are joining the success story of the China EV market. They have launched many EV models which are much more competitive than the German made EV in Germany.
It's too early to call for clear winner if German auto makers become innovative, unless they give up the race against Byd and Tesla.
Also BYD is one of some two dozens Chinese car manufacturers that are competing not only on price but quality and innovation. I've seen some of them and their features are phenomenal like doing 360 tank turns, IT integrations
BYD's battery is the main killer. No fire hazard, work well in Cold weather.
Yes, BYD & LFP batteries come with cons, heavier, less range, & throttled performance in cold, but, they won't burst into flames parked in garage overnight...burning house down...must be insurance cost benefits to that!
@@100milnic BYD LFP battery doesn't effect by -20 Celsius.
No fire hazard? Lmao.
Look it up.
@@100milnic well fan west car
If BYD is putting in sodium-ion batteries with a good warranty to back it up, I might be game ?
It is hard to beat BYD business model. They practically own the whole supply change for EV; from battery, raw material, semiconductors, software, to owning their own ships to export cars all over the world. In this way , BYD has a lot of cost advantage.
the just exist because they are are a ccp company , subsidies and fraud is their way to survive.
Never forget sub human almost slavery work conditions on Congo. Bury your Dreams.
@@danibjall in the west do that
@@danibjguess why Western countries that might included your country move their factories to China in forty years ago?
No
Even here in Kenya, BYD is slowly taking over in the transport industry because all electric buses in Nairobi are BYD.
simply because there is no competitor. Can VW produce Electrical Bus?
@@joeblack888 I guess BYD is investing where other companies don't
@@george_kimani so true!
Is it BYD or imported parts of BYD?
@@Wabaro1146 The last time I checked,they were bringing in fully assembled busses
"the free market is free, until you are winning..."
I invested in BYD two years ago, along with Uncle Warren and Grandpa Charlie (RIP Charlie, we miss you much!). It's one of my top-performing stocks in my long-term retirement IRA portfolio. BYD is the world's largest manufacturer of plug-in hybrid and electric vehicles, and they have a vertically integrated business model. There's more to the company than just vehicles - do some research and you'll see what I mean. The main thing holding the stock price back is the "buy American" agenda pushed by the political class and elites.
German managers should not be surprised, they intentionally didn’t do anything towards EVs.
German manufacturers just want to continue to earn profits from ICE vehicles.
They are doing a lot, the Chinese just work harder and smarter for much less money and have economies of scale. The Japanese are trying to figure it out, the labor cost is cheap here, and there is money but technology and software are on the Chinese side.
EVs is a Fad that won't exist in 10 years !
Europe and US are hypocrites...... When their products sell in China, they are anti-protectionist. When the other way around, they embraced protectionism.
Both companies grew with subsidiaries and loan dumping, BYD workers get 1 till 3 $/h and Tesla pays 20% under market level. Why should German companies force themselves early into a rat race. The whole EV thing will only get serious when solid state batteries are cheap and save. 70% of Europe's population simply can't afford the price and the headaches.
What they did is really smart, wow.
Tesla went for highend cars first, to get some capital. While BYD went for public transport, which is both high value and mass produced.
It worked for them because they had an extra 10 years of being a big company, already making money and producing cells etc
@@wesleysanders8570Tesla has also and has first mover advantage. And Elon did want to be a battery supplier. But China controls the lithium. So he couldn’t. So Tesla will lose, lose, lose.
@@TheBooban Tesla is the 9th largest company in the world by market cap. The best selling car of any type in 2023 was a Tesla Model Y. Tesla sold 1.8million BEVs in 2023. BYD sold 1.6 million. Your definition of lose, lose, lose is strange to say the least.
@@zoransarin5411 isn’t the whole point of this video is that BYD has now over taken Tesla in BEV sales? Todays stats is less relevant when looking for future performance. I don’t see how Tesla will beat BYD until we see the model 2.
They definitely seem to have dominance in the electric public transport space. As far as I can tell, all of the electric buses over here in the UK are BYD.
Here in Brazil, BYD produces batteries, electric public transport, electric trucks, solar panels and now they overtook a Ford factory in Bahia to build EVs, BWM from China is also producing EVs in Brazil. They are aming 10% market share from all car sales at the end of 2024
"Thanks to the subsidies." That kind of stigmatization is very skillful. Nobody can possibily argue against it.
Is not subsidies is nature of how people there organized own country. Way not Germany do same thing, way USA and EU make changes to achieve lower price for people, is not just a car products. Free market is great thing but not exist. People , industry and everything in Europe,USA etc is in chains of banking cartel in debts, high interest rate and that is not Chinese fall!
Remember that BYD has a bus factory since 2014 in Brasil and they bought a factory from Ford, and will start production in second semester of 2024. Also GWM bought few years ago from Mercedes a factory in São Paulo. So, I think Brasil will be a hub to South and Central America. Ah, also selling in Mexico. I’m sorry US…
It will be
US had already lost to Germany, Japan and South Korea auto makers long ago.
The success of Tesla is due to the gigafactory built in China which resolved years of production problem in the US.
BYD isn't tesla plus it's cheap China that sold tons in China with gov support, don't worry for the USA we like our v8 trucks😅
@@jonnywow2585 , When Mahathir repudiated on the Malaysia-Singapore agreement of buidling high speed rail to connect the two countries a few years back, one would suggest that Malaysia could very well do without any HSR at all, but re-activate the ox carts inside Malaysia to connect the HSRs coming to and leaving its border.
BYD we need you in Brazil...
did you all know where Tesla battery came from, you guess it BYD
How ?
@@arunanarina1316 you may not believe me, but I will now impart unto you this very ancient, esoteric and extremely secret technique called "purchasing". It's like an aladdin lamp that can grant any wishes except the number of wishes you can have is unlimited, so long as you have this forbidden object called "currency", whatever it means.
no, panasonic , LG and CATL (for shanghai factory)
Actually Tesla use BYD battery 刀片电池
and iPhones have Samsung displays, means nothing
Everybody forgets or chooses not to mention that half of all tesla automobiles are manufactured in Shanghai. Including all batteries in standard range teslas around the world are manufactured by BYD or CATL. TESLA Berlin buys its batteries from byd.
BYD have become leaders in the EV industry thanks to their expertise in batteries, the main cost and soul of electric mobility.
What is astonishing is the speed of change.
Never seen anything like this before.
true, thats astonishing, i am also shocked. not just the change in that, talking about workforce/job offerings, all went crazy lately
People underestimate the potential capabilities of a large country with a civilization of five thousand years.
@@primarytrend7915this!
However, BYD has not yet achieved a quarter of Tesla's annual profit. It is not only the number of products sold that matters , the profit margin is more important, and Tesla has a net profit of nearly 5 times BYD in 2023
@@primarytrend7915 And still a country where 900 million people live in poverty
Tesla is using BYD blade battery for the Model Y produced at its Berlin Gigafactory.
Embarrassing they can't build batteries
@@MegaWilderness
You really think that's going to age well, don't you?
.
Point that finger at GM, Ford, Toyota, VW.
@@rogerstarkey5390 Yes, Tesla hasn't begun to think about LFP and Sodium Batteries with which to build cars, home and grid storage. They are entirely dependant on BYD and CATL which both already provide home and grid storage
Tesla is dependent in BYD
@@MegaWildernessBYD and Tesla are partners in demolishing the ICE market and manufacturing. VW is the first likely to fall. US Big Auto will follow not long after as they have much debt and no profitable BEV.
Tesla once said they were not a car company but a software and innovation company. because they know they will not be able to beat the efficiency and low costs of Chinese manufacturing. Meanwhile, European car companies should follow in Tesla's footsteps, rather than competing, it is better to focus on moving on a different path, so that the electric vehicle market will become more diverse and create a good future for electric vehicles and environmentally friendly technology.
Let me fix the title for you:
Both BYD and Tesla are crushing traditional carmakers.
Charlie munger (BYD investor) laugh in his coffin.
When asked about competition (VS tesla), he also laugh. "can you see BYD competitive advantage. They are far ahead of competition."
He could see 10 years ahead. 😂😂
Love Charlie, miss him also. 🙏 🙏
He don't see he don't feel.he don't hear he don't say. He is not on this world anymore. Soon to be followed is buffet. All his money now belongs to someone else
Tesla has had a 12,800 percent rise in ~13 years! I guess ole Charlie missed the boat on that one!
@@cleverusernamecl5532 yeah I think so.
But my guess at that time, it was too speculative to buy. By his standard.
He is a value investor. Not tech savvy speculator.... 🙏
Rest in Peace legend investor
However, BYD has not yet achieved a quarter of Tesla's annual profit. It is not only the number of products sold that matters , the profit margin is more important, and Tesla has a net profit of nearly 5 times BYD in 2023.😂😂
I remember when China overtook the US to become the #1 car market back in 2010 (?), most of us in the US thought it was just a one time phenomenon fueled by Chinese government incentives to battle the 2009 financial meltdown. Underestimating the Chinese had been our biggest mistake, and still is.
Now do you know how big the China's car market is?
There were over 30 million cars sold in China in 2023.
US had already lost the battle to Germany, Japan and South Korea auto makers long b4 byd came into the picture.
While America borrowed and spent trillions on war during the last twenty years, China was building up their industries and infrastructure. USA, watch out, you will soon be a Chinese subsidiary. I thank the lord above that I live in Canada 🇨🇦 🇨🇦
There are 1.4 billion people in China and only 300 million people in the United States.
we need and love BYD... from your good friends in brazil !!!!!!!!
Did a test drive in a BYD recently. Blew my mind. Will be my next car without any doubt!
Just curious: What exactly were the things that impressed you so much?
Apparent quality of the car, multimedia, torque, overall handling of the car and all features at a competitive price, lower than comparable ICE cars.
So do you think it's fair to say that BYD is killing Tesla? The New York Times ran an article just last week that called BYD the "Tesla killer".
@DWREV I don't have a crystal ball, of course, but BYD gaining access to the US market through Mexico will be huge. Purchasing an EV for less than USD 25k or USD 20k in the US will be a guaranteed success, in my opinion.
Yeah, if they can provide the quality you describe and keep the prices low, they'll be hard to beat.
There should be healthy collaboration between all these companies manufacturing electric vehicles which will help to make this tech available to common people.
BYD & Tesla are both the champions of EV and together they're coming for Germany, US & Japanese old champions of legacy cars.
Except political considerations may limit BYD's reach. And don't think the legacy automakers are taking this lying down; Hyundai/Kia have carved out a niche for themselves in the EV market, and don't underestimate the engineering and financial clout of Toyota.
@@Sacto1654
Don't underestimate the Engineering clout of China (Or their influence on the supply chain)
.
As for "Political considerations", they hold the cards.
.
Legacy Auto makers HAVE been "taking it lying down" and are continuing to do so.
Are you not watching the media?
@@rogerstarkey5390 But note that most of BYD's EV sales are still in China. They're barely making a dent in other parts of the world (with a few small exceptions). The 25% import tariff on EV's made in China from the US government and recent new laws by the EU to identify sourcing of battery material for EV's sold in Europe are specifically aimed at Chinese EV manufacturers.
The bigger threat comes from legacy automakers that are aggressively switching to EV's. Look at Hyundai/Kia group; they're already building a lot of EV's on their own and already plan to convert a number of their South Korean factories and eventually foreign factories specifically to make Hyundai Ioniq and Kia EVx models, especially now with the new more modular IMA platform that group will roll out in 2025.
@@Sacto1654
Majority sales are in China as it's a Chinese company first and foremost, it's barely entered the international market where it's already beating Tesla in large growing markets of Brazil, India, Thailand and closing on in Australia, NZ. Remember Tesla has no hybrids this BYD has this magnet covered globally (except for North America) plus two other brands YangWang, Fang Bao
BYD, Xpeng and NIO are the most popular evs in China and oh Tesla is close.. Xpeng makes the most futuristic cars. @@ciybersal3499
I used to live in China while ago, I am Brazilian, I have seen the powerforce of Chinese industry, when they first came to Brazil with a handful of badly made cars, it was a disaster, cars back then were not made for brazilian roads, bad construction, structure, the cars simply melt down. A year or so ago when BYD and GWM came to Brazil, I was very twisting noses to it, but these brands do not sell the same cars worldwide, they do their localization task, they modify their vehicles to the countries roads, taste and needs, so they became best sellers so fast, construction of the car is great, driveability is good, tecnology and power that you would need at least double the money to get the same stuff from traditional brands. There are simply no competition, in my family everybody is buying these cars, they are a real deal.
They look steady, fast, strong and here to stay
Can DW please tell us what subsidies BYD and its customers enjoyed that Tesla and theirs didn't? Consumer rebates for EV (which incidentally is no more) were available for any EV manufacturer, both domestic and foreign.
BYD is opening a new manufacturing plant here in Brazil... they should start production now in April, if I'm not mistaken.
It will employ thousands directly or indirectly, but above all the hope (mine) is that they will provide affordable electric cars to Brazil and from Brazil the entire South America.
It's just pathetic how backwards Brazil is.
You should produce your own EVs for the whole of South America.
Force China to make joint ventures with local production and technology transfer (as they have done with German car manufacturers themselves)
You are the biggest economy in SA and the only companies worth mentioning are Petrobras & Embraer.
@@the_real_glabnurb Greetings!
Well, perhaps "pathetic" is too much of a strong word, but I get what you mean.
Brazil has the biggest bus manufacturing in the world, the company is called Marcopolo ... look it up.
There have been some trials with car manufacturing in Brazil... the most famous which ALMOST worded out (I guess) was the Gurgel from the 1970's.
There always are strong efforts/powers always trying to prevent development... the home elite and multinationals which never want to lose. Petrobras took the life of our perhaps most important president ever; Getúlio Vargas in order to become reality.
Our new president Lula (elected one year ago) is making huge investments in order to re-industrialize Brazil.
But for some reason that I don't understand, this new administration is holding back a little bit the Chinese who seem to want to invest much more then they are being welcomed to do so far... they want Brazil in the Belt & Road project, but Brazil is postponing to join...
But despite all these I see a better future for the country on the short term even... we'll see!
Regards!
By the way, I do believe BYD comes with the condition to share the technology with local players ;)
@@mrclo_l0pz330 Haha, you gave me good laugh with that one ;)
But keep dreaming...
巴西已经是唯一拥有完整工业的南美洲国家，智利也有一点点工业，但是他们主要依靠的是矿业。
BYD is just too advanced,It will be a successful international brand even without selling a single car in USA
BYD is the future...
Wrong , it's literally a scam
we love BYD in brazil... @@yatarookayama8329
The world is a world for the people of the world, not a world for Americans
@@raymonddon8875 That before or after the realisation that information regarding the number of BYD fires in China has been ignored by western news agencies? According to some google searches, first quater of 2022 saw 640 BYD fires in China.
Its also hard change customer Perception of Tesla Vs BYD.
Tesla is available in the global markets Vs BYD is not many different market. Raw supplier can be replaced easly, as long as customers are willing to pay for Quality and Authenticity.
Because you have never drive or in a BYD car I bet. BYD is producing quality stuff just with lower price mainly due to their core competence from battery section. Ask Elon yourself if he shares your confidence if not due to the trade barrier implemented at the moment
BYD has a chance to think out of the box and look at the next frontier! It is a shame that BYD is establishing mining companies in Africa, but forge ting the potentials for EV buses on the continent. That is a huge market than Europe and Australia combined!
About Elon Musk mocking BYD…. reminds me of the late Charlie Munger remarks in one of Berkshire AGM. It’s better to have a person with an IQ of 130 but thinks he is only 100, rather than a dude who has an IQ of 150 who thinks he is worth 170. That’s Elon Musk. Charlie is so right and also making the right choice in investing in BYD instead of Tesla.
It's interesting how the popularity of these both guys come and wane like sea tides. Now your words seem logical and correct, yet I'm sure the picture will look different again in a few years. And then you'll know what's a 3D chess.
Dude that footage was from 2011. You really think people can predict what could happen 12 year in the future.He was saying about short term.
i don't think he made the right choice investment wise
byd outsells tesla but profit wise I'm sure tesla is way more profitable than byd
However, BYD has not yet achieved a quarter of Tesla's annual profit. It is not only the number of products sold that matters , the profit margin is more important, and Tesla has a net profit of nearly 5 times BYD in 2023.
@@sumitroy3483 However, BYD has not yet achieved a quarter of Tesla's annual profit. It is not only the number of products sold that matters , the profit margin is more important, and Tesla has a net profit of nearly 5 times BYD in 2023.
It's an amazing video clip. Thanks for sharing this information. Regards
00:06 BYD became the world's largest EV manufacturer, overtaking Tesla in sales.
01:50 BYD has become the world number 1 new energy vehicle brand, beating Tesla with EVs only.
03:53 BYD's innovative Blade Battery and strategic partnerships drove a surge in EV sales
05:44 BYD has been able to undercut Tesla and dominate the Chinese market.
07:18 BYD's success is attributed to its focus on fleets and buses, battery development, and vertical integration.
09:26 BYD is facing challenges and opportunities in expanding to Europe and the US.
11:39 BYD faces challenges in the US market due to tariffs and lack of entry into the car market.
13:42 German brands must focus on innovation and price to compete with BYD and Tesla
Love how even the German media have given up on the German automotive industry 😂😂 China and Tesla the future of automotive
future of western world only lmao
Future of scrap metal.
@@mdjey2you're just not alright
Green propaganda! China is taking over!
German car industry is dying..
That laugh from Elon, and what later happened, Priceless 😂😂
reminds on the iphone and that microsoft redneck, ha? haha
0:44 😃
They only sold more cars because they are cheaper than Teslas. Im pretty sure revenue is still higher at Tesla
They have a car which costs 10k while cheapest Tesla is 35k
Their cars were laughable at that time.
Because of the Central Asian market, BYD became best-selling EV car ever.
Daimler Sprinter van never available as an electric...
They could have partnered with Telsa...I'm retired now...
BYD is quickly becoming a well known international car brand while Tesla is having an increasingly hard time in the ultra competitive Chinese market. The United States car industry will only get more behind the technology curve by actively denying entry of Chinese brands.
Don't be stupid. All the Chinese do is copy things, they do not innovate.
America should actively deny China from entering American market.
BYD Lol can't beat Tesla Globally only in China
China is not a good faith player in trade and really never has been. It shouldn't be taken to be a competitor until it does.
Tesla is doing OK in China. Maybe there isn't as much room for growth but Tesla is no slouch. Internationally, Tesla is number one though
I think BYD has much more potential than Tasla. Tasla is selling in world’s 3 big EV markets, China, Europe and US. While BYD is not selling any car in US. It will be a very hard for US brands to compete if Chinese EV entered US markets. Even for Tasla.
Tesla will be destroyed in a year if the Chinese enters significantly in US.
No BYD CAN NEVER COME INTO THE US AS THE TERRIF CAN BE 1000% not mentioning national security concerns.
@@robertlu2344 you don't need tariffs to stop BYD, you just need to see what happens when western buyers, who unlike chinese BYD buyers, actually have a choice, and most of all don't recieve a massive subsidy to buy chinese made cars like chinese do, therefore BYDs in the west are literally comparable in price to Teslas with 10 times the brand trust and features, the BYD cars start at like $20,000, no ones spending that on a chinese owned car brand
BYD is already producing in the USA not passenger cars but bus and trucks. @@robertlu2344
You are ignoring economic security.
Of course, if it is not "our" player, they don't deserve to play by the rules of the competitive market and we should "investigate" them.
Somebody may have misinterpreted the news broadcast at 7pm by ABC in Melbourne, claiming BYD had purchased Tesla, when in fact BYD had slightly overtaken Tesla in EV sales in 2023, we are told... So far I can not find any info on this so called purchase.
The Electric Viking says BYD will assemble in Mexico for the NA market. Just like Hungary for the EU market.
Not a chance it will sell in USA. I can bet anyone.
@@americanegale697Don't underestimate capitalism mate
@@americanegale697people just go to Mexico, buy Byd cars, and drive back.
@@mingouczjcz3800 lmao you cant do that. Where are you from lmfao?
BYD blade battery does not perform as high as Tesla, but works better in cold weather and way safer. The new BYD sodium ION battery is even cheaper, less sensitive to weather and abundant. Imagine if american dare to let BYD to compete in U.S. market, just wait for made in Mexico BYD shows up.
>> BYD blade battery does not perform as high as Tesla, but works better in cold weather and way safer.
They are going to have to because of how dependent the big three are on Chinese sales
Very excited for byd to come here some day. The Tesla fanboys are going to support blocking them thru legislation tho.
@@reginald7214 Tesla has to run on a tight rope. China has been, and will go on to be Tesla's biggest market in the world.
BYD has a factory in US. Not for passenger cars but trucks and heavy duty vehicles
I see a lot of German cars in Europe an only occasionally BYD. But I guess better to impose mirror import limitation to keep local manufacturers safe
The problem is german manufacturers sell alot in China, block byd and the reverse will b3 devastating to german manufacturers
Amazing report by DW👌🏻
the editor of the video seems to suggest BYD's rise is due to cheap prices and government subsidies. well, they overlooked the fact that Tesla also enjoys tax compensation or subsidies from Chinese government. In this regard, they're treated equally in China. So the rest of it is just their market strategy and products charm.
>> well, they overlooked the fact that Tesla also enjoys tax compensation or subsidies from Chinese government.
Then why are BYDs much more expensive overseas than domestic? Negatively subsidized _🤣... @@tooltalk
Once again, chinese named account trying to huff copium defending this crap. You do realise Chinas own internal decisions don't change the fact that in the west neither brand is subsidized, and due to this BYD's cost almost as much as some older teslas. They are way too expensive for a chinese made car, and are only being bought by rental companies so they can rent them out to chinese tourists for cheap
@@juergenschmid009 >> Then why are BYDs much more expensive overseas than domestic? Negatively subsidized _🤣... @tooltalk
@@tooltalk “Tesla's business was never subsidized by the US for export; BYD did.”
BYD cars in China are much much cheaper than in foreign markets, The reason why BYD Automobile has a cost advantage is due to China's huge economies of scale, fierce market competition, and efficient manufacturing indsutries as a whole, not just BYD, VW also much cheaper in China than in Europe.
In Thailand, the moment has come for Japanese car makers and Chinese EV automobiles to provide the best value to their customers. Long-term reliability and car maintenance can also be important considerations when deciding whether to buy Japanese or Chinese autos.
I also did not know about BYD but now I know.. Thank you DW... May God bless you
Thank you, and please share the video with a friend!
BYD is already have presence like store across land in Indonesia and their factory also in Indonesia for local and export, while Tesla .... none
Thanks to that laugh of Elon Musk, BYD had worked extremely hard to enjoy the last laugh.
It's Musk who'll laugh the last.
@@Alarix246it's BYD will have THE last laugh. Too soon to celebrate 🫵
Teach musk a lesson,never laugh other people,and never underestimate other people even when they’re success
However, BYD has not yet achieved a quarter of Tesla's annual profit. It is not only the number of products sold that matters , the profit margin is more important, and Tesla has a net profit of nearly 5 times BYD in 2023.
@@ALFINGERBOARDS However, BYD has not yet achieved a quarter of Tesla's annual profit. It is not only the number of products sold that matters , the profit margin is more important, and Tesla has a net profit of nearly 5 times BYD in 2023.
went to their HQ the other week, how to beat them when they own most parts of the supply chain ? they are capable beyond one can fathom
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
Buy BYD stocks it will grow in future
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $300k from an initially stagnant reserve of $150K.
The best course of action if you lack ma-rket knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a con-sultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
BYD makes excellent electric vehicles. More specifically, the blade LFP batteries are the top dog for now and likely the near future.
I especially like the MG4, which is British albeit uses BYD batteries.
MG name was bought by Geely. It is now a fully Chinese brand.
German cars will be sold mainly in Germany....other countries are BYD market
well there is also france which has big car industry, actually I thing france is much tougher market for them, in germany you have lots of foreigners, they dont care for german car brands (except showoffs)
It is not about BYD vs Tesla but them vs old brands especially the behemoth Toyota.
Toyota is #1
Nice review. Watching from Kathmandu, Nepal.
Whoever picked the sound skits for this deserves a raise!
Don't forget that Huawei will soon launch its own EV as well, the high-end one!
and xiaomi did, and its brutal (not the biggest fan of the design, but tech in it... wow)
This triggers another trade sanction by the west against Huawei for national security reason.
Btw. What's Apple doing on EV since it started EV much earlier than any China auto makers??
too late into the game
@@birdsnature6421not that late
@@birdsnature6421 Not for Huawei..... it has the best R&D in the world
Irresponsible tag line. Tesla shares did take a dive but it is far from being dead.
Tesla shares is tied to their FSD. If it fail to deliver it will be back to its"normal" price
They really mean German automakers not Tesla...
The stock price is come down nicely and just started to rise I noticed today ,Elon said no other compared to Tesla ,not true
Can't wait for the belt and road
The answer is simple: BYD is innovative and aggressive marketing. It focuses not only on low to mid but also moving into high and luxury market .
Whereas Tesla only enjoys few of its mid and high models with few innovative features.
Because byd isn't a Ponzi scheme unlike Tesla and Musk
lol soo... if you tesla sell to "low" they will be #1 lol ?
…..the boss hasn’t been going to the office for years and now Tesla’s auto days are numbered.
Theres a board who controls tesla its not elons fault. Specially with americas taxes they cant afford to do what byd is doing.@davidpearn5925
lol, calling Tesla for few innovative features...smh...unless you're a BYD troll
Killed? Talk about clickbait title.
Tesla is dead in China, South America and soon Europe
Hola, gracias...😊
Competitive BYD pricing is key to late adopter market share
NIO is also the Brand for the future and the only Company with it's swap battery solution which is amazing. And the only Company that has managed the range of 1000 km on a full battery with it's solid cell Battery.
Cool that you mentioned that. With any luck we'll be testing a NIO EL6 and those battery swapping stations soon, so check back!
China's industries successfully close the gap in quality and technology. Bravo
In quality? In QUALITY??
@@Shercko Have you been living under a rock
@@rog4464 No but it sounds like you may have :O
your mom agrees that@@Shercko
@@Shercko I am a happy user of many Chinese made quality products.
If you insist on paying for cheap products from Walmart and expect premium quality, sorry, can’t help. They are still decent though 😆
Competition is good only on one side of the story, then the Congress and US corporations bring the infamous double standard word: *_Concerning_*
Non brands ones always defeat high quality branded ones. Its once again proven.
Suggested additional content for this video 1) The all-electric BYD 2009 model E6, largely used as taxis, 2) Proposed manufacturing in Mexico to enter the North American market.
if byd is successful that means Tesla for the win, because they're the ones who influenced other manufacturers to make EVs and transition to EVs and it's Tesla's goal!
tesla will survive along side with byd.
it's the other auto manufacturers should be worried about.
congratulations to BYD ! insanely hardwork behind the scenes.
Tesla made almost all patents open source allowing the other brands using the technologies that Tesla researched and developed
I think they should ask BYD who is ahead, if them or Tesla, and how many years they think they have a handicap.
Agree. Tesla will survive well just like Apple, along with other phone companies like Samsung and Xiaomi, etc.
Yes a lot of people forget that when Musk bought Tesla (hopefully everyone knows he didn't start the company?) he never dreamed he'd be this successful. His goal was to make EV's glamorous and desirable enough to create a wave of consumer interest that would force governments and the legacy auto industry (which having been in cahoots with the fossil fuel industry from the start tended to scuttle or downplay any and all attempts at alternate technology - they even opposed unleaded fuel if anyone is old enough to remember) to start the move away from oil. That's why he did things like put a Tesla Roadster in space and create Ludicrous Mode in the Type S. To get people talking. And he has succeeded, EVs have always existed, I remember milk delivery vans in England in the 80s were battery powered, he made them sexy and mainstream. That is what the world owes Musk.
But I have never liked EVs as a concept. 90% of a car's operating pollution is not exhaust emissions, it is tyre and brake dust and others such things which are exactly the same for an EV as for ICE (worse for EVs in some cases because they are so much heavier and consume tyres and brakes faster). So you are only reducing 10% by switching to EV. Meanwhile the effort and expense of building additional electric generation and distribution has been eye-watering and finally the heavy earths and metals used in EVs are far worse than fossil fuels in terms of the environmental costs of extracting, tranporting and processing them.
Japan interestingly carefully evaluated both electric vehicles and hydrogen fuel cell and they chose to go with hydrogen as a true future vehicle propulsion technology. But Musk's success at promoting EVs started a snowball effect especially in terms of the regulatory landscape around the world which made it more and more unlikely that hydrogen would be able to catch up or to compete. And that is a crying shame. So many times the lesser technology has won over the better in the market. Like Betamax and VHS in the video-cassette days and this is another example. However I think hydrogen is making a slight come-back, especially as they have now cracked how to make hydrogen fuel less expensive and more environmentally friendly at the production stage (look up Blue and Green Hydrogen). There are still challenges about distribution but instead of needing to to build new infrastructure from scratch a lot of it can be managed by upgrading and converting existing infrastructure like gas pipelines, storage and distribution. It's going to be interesting how things go. I'm rooting for hydrogen and I will hold on to ICE for as long as I can until then.
😂😂😂
What they do to the used batteries ??
American government has been subsidizing any Tesla car buyer, but why you only talk about subsidy to BYD by Chinese government in its early stage.
>> he Electric Viking says BYD will assemble in Mexico for the NA market. Just like Hungary for the EU market.
youre right...last year US government was paying people more than 10,000 dollars to buy EVs
European jealousy and superiority complex
@@cantwealljustgetalong2 : >> last year US government was paying people more than 10,000 dollars to buy EVs
Mexico workforce is cheaper
largest manufacturer/largest seller because they are housed inside a protective market restrictive to other imports
BYD has a promising future. It's a little misleading though counting hybrid cars as EV. I think they will be able to scale and have acceptable profits while selling massive volumes and helping greatly to transition the world away from ICE. The big key is that BYD will have to innovate and drive costs of their pure EV's down because their current pure EV's are still a negative margin and not profitable yet. I think BYD has the right tools to do this but it's going to be a race against time and certainly not easy.
This video is not about hybrid cars, but BEVs.
BYD having THE BEST LAST LAUGH 😂😂
ELON MUSK where are you now?😂😂
Still richer than you.
@@bck0001nonsense!
The EV market is quite large and with plenty of scope for growth, so both brands can grow and thrive
Lida China Automotive Export hopes to establish a long-term cooperation with you and explore new opportunities in the automotive market together
BYD is killing the German car industry, not Tesla.
Really? Tesla manufacturing in Germany is the biggest threat to Legacy German car makers. You can't put import tarrifs on Tesla in Germany.
Tesla is selling very well in Germany.
Blame it on the sabotage of Nord Stream pipelines by Joe, Without cheap gas and energy, Germany auto makers can't keep up with high energy price.
@@TheKkpop1 >> Tesla is selling very well in Germany.
No. German car industry is killing itself
@@tooltalk
You're barking at the wrong tree. High energy cost kills German auto industries. Tesla enjoy brand loyalty much better than any German brands. German brands needs to improve innovation, quality and reduce cost to compete with Tesla and BYD.
'I have no idea what i am talking about, i should become a journalist.'
Great reportage! I believe one of the key advantages of BYD is its focus on electric batteries as the foundation for their cars. Warren Buffett's investment in a company with such a cost advantage compared to other global automobile manufacturers, both in the USA and worldwide, seems like a smart move. However, it's crucial for Buffett to exercise caution due to the geopolitical tensions between the USA and China. The communist dictatorship in China may pose a risk to external investments in Chinese companies during significant conflicts.
As a result, there is uncertainty regarding whether BYD can match the innovation power demonstrated by Musk's companies. In the next two years, Musk's companies are expected to introduce high-quality and affordable cars to the market. European companies, on the other hand, face a significant challenge in competing with their Chinese counterparts. It's essential for European governments to conduct studies and make decisions aimed at reducing the cost of qualified labor to stay competitive in the evolving automotive landscape.
Lets wait and see for tge quality in long term
Both BYD and Tesla are growing and the ICE market is shrinking. So the question is who is growing faster by taking away the ICE market. BYD sells lower cost market cars segment, mostly in China, so they will grow faster. Tesla growth will speed up once they move into the low $30,000’s and $20,000’s cars, either by improving the manufacturing cost of model 3 or/and making the Model 2. BYD will have a harder time entering the US and European maket because they don’t have any manufacturing plants there in order to bypass the tariff. But even when they do manufacturing jn Europe and US, they will lose the advantage of China cheap labor cost. Unless they can automate and make cars just as cheap as Tesla and make their comparable model cars more attractive at the same price as Tesla, they still cannot compete.
BYD is too clever, they are building a plant in Hungary where wages are lower than Teslas Germany, where Hungary buys russian gas so energy costs are lower to manufacture and also have political leverage over Pro-Russian Chinese Political elite, also they are in EU so ideal candidate
EV market completly imploding !
Hertz (that rental comp) just dropt 20 000 tesla's because nobody hires them
in my small EU country (say smaller than texas)
another 20 000 5y company lease tesla's will hit the second hand market this year
(x15 or 20 other EU country's)
to mine lithium etc it needs african an chinese Slave labor
if ya drive it daily the battery lasts for 5y, and than to replace the battery
costs more that the cars total valeu
to make 1 battery ya need 10 years of heavy pick-up diesel to melt
& extract all the lithium and cobalt from its mining or
yet
BYD will have a super hard year in 2024 as their economy tanks and government subsidies dry up. Tesla will have a bit of a cushion but less and less people in the US are willing to buy all electric. Until the electric technology gets better, ICE will reign supreme. Maybe in 20 years or so, electrics can be everywhere.
Thats what you think, BYD already positioned to setup big plant in Mexico as a back door to enter all north Canada & southern part of the US territory.
Once the lease on my Tesla is up, I'll be switching to a BYD. Really excited!
Why? BYD is a copycat. You know Tesla is the one that did all the hard work of innovation.
@@mrgurulittle7000you sound like a fool saying that with such confidence while non of your statement is true
@@burnout4819You sound like a fool defending a corrupt company.
@@mrgurulittle7000 you sound like a fool tenfold now, not surprised for a w3st influenced mindset when obviously you haven't step foot into china to see for yourself 🥱
@@mrgurulittle7000 show me an official LINK stating BYD is a currupt company. Don't make yourself sound worst before claiming it 🥱
Does Telsa also use BYD' battery?
Yes
One of the best channels on You Tube ✌️
Thanks, we're glad to have you on board! 🚗
The hare shouldn't laugh at the tortoise. It should stay awake and alert at all time. Elon sure didn't read much stories when he was a kid😂
Now byd having the best last laugh 😅😅
@@wallacekatini3424 there is no "last laugh" . If BYD is not careful, it will become the next hare. This is a cruel world
@@freeskier64high iq comments on social media. Impossible.
The biggest value of Tesla, is not at the hardware,
but in AI, Data Mine, Autonomous driving.
Only in those areas Tesla still holds competitive advantage over Chinese counterparts.
Canada invented LFP battery, but is left out of the game, thanks to stringent policies and MAFIA style labor unions.
Let's hope it's BEV only
BYD is not the world's largest EV manufactturer. They had greater numbers in Q4 2023 but for the entire year, Tesla stayed on top! Tesla sold over 1,8 million EVs while BYD stood at aaround 1.6 million. This was to be expected as Tesla's factories were changing equipment for the new CT and the refreshed Model 3. Something similar would happen probably in 2024 with the new refresh of Model Y.
Actually no .. byd beat tesla in 2023