CEO savagely responds to criticism of BYD's profit margins VS Tesla
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- เผยแพร่เมื่อ 10 เม.ย. 2024
- CEO's savagely responds to criticism of BYD's profit margins VS Tesla
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This is not a Zero sum game. There's A LOT of people in South America, Thailand and many other countries that can technically afford a $10K car, but when they factor in Gas they realize that they can't afford it. Since it costs roughly 1/3rd to operate vs ICE, BYD is making it possible for a whole new class of people to be able to buy a car.
I think you missed the point. Zero sum just means that if BYD or someone else like Tesla takes what would have been a legacy auto sale, it is still a loss for legacy auto. Same dynamics will apply in those new markets like SA too. Both BYD and Tesla have shown that they will cut profits to drive sales and keep or expand market share, which, if continued, will bankrupt legacy auto because they just can't follow down that path, at scale anyway.
Except for the lack of charging infrastructure in those countries. Is BYD going to build their own charging network, or wait for Tesla to build it?
@@darylfoster6133there is a lack of refineries in developing nations also. Solar panels, once installed are free.
@@fredfrond6148 Many countries import their oil.
@@fredfrond6148Charging cars from solar is not going to be easy at scale. You would need quite a capital investment up front for the kind of capacity needed.
As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?
The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.
@@EdwardWells-bj4eh True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit a 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
@@DawnCalhoun-vl8ew Congrats! The market to me is like a lucrative chess game, incredibly difficult to outperform, it's all about understanding how the world moves, its history, and psychology... mind disclosing info about your CFP? I'm quite curious.
@@JerryPhillips-go5eo Sure. She goes by ‘Kristin Gail Cunningham’. Just research the name.
@@DawnCalhoun-vl8ew I feel thrilled about this, curiously inputted Kristin Gail Cunningham on the web, and spotted her consulting page ranked top. I've seen commentaries about advisors but not one looks this phenomenal.
This is great news for the environment.
Indeed China is growing renewables at unprecedented scale including adaptation of EVs, they will next convert ASEAN into a EV only, emission free zone
greta funbags: have meeee babies
Why? They follow no EPA guidelines in their Chinese manufacturing facilities…..just one more VERY large reason why they will not be profitable manufacturing in Europe or North America….
We need nuclear power for this to be viable and to be better for the environment
In the first quarter of 2024, BYD exported 97,899 vehicles, a year-on-year increase of 152%.
Disgusting
BYD's sales in Brazil are rising rapidly.
BYD sold 15,340 vehicles in the first quarter.
BYD gaining share in India and entering Pakistan this year
I don't think EV can completely replace ICE cars in various scenarios.
But obviously, EV does have advantages in some cases, and the demand is increasing.
@@amandagrant4331 battery tech is advancing @ breakneck pace, in 5 years, we'll be talking about another new form of battery
US citizens love cheap affordable products from China all these years. Now that US manufacturers are unable to compete, they blame China. Yellen should stay home and don't embarrass herself.
America is busy waging wars globally
@@rohanjosem like in US in the civil war? Don't think China got slave camps though, Why not show the address and location since GPS is so superior in pinpoint the exact location in question and enlighten us?
@@rohanjosem yes, but where's the exact location, street name, don't think it's so hard to pinpoint though.
@@rohanjosem ha ha, I will not be in the habit of posting something that is not credible source before cross checking as it will insult my intelligence and if you are not operating as a spy then you will never need to worry when visiting any foreign country.
@@rohanjosemBBC😂😂😂. MSM tabloid😂
BYD would be taking market share in the U.S. if it wasn’t for the 27 % import tariff, but if they keep doing what they are doing on price and quality, the high tariff will factor out to make it worth it to buy one and just import it.
Exactly
NHTSA will make sure it's not safe enough to drive here.
3rd party importing is not allowed in the US on cars less than 25 years old.
Usa love to rip off their own citizens 😂
@@larryevans6739 politics!
One thing that good about it, is that Many Middle Class People in some parts of the world will benefit from this.
I'm guessing BYD are Lowering the prices of an Electric Vehicles for many Middle Class People are able to switch to drive an AFFORDABLE Electric Vehicle !
Many Canadian are not able to switch to drive an EV because, Electric Vehicles are crazy expensive in CANADA.
😉💖🔋😃💯🌏✌️
BYD is a CCP owned and subsidized company. They are pumping cheap vehicles onto the market to attack manufacturers in other countries.
Every EV startup in Europe, north America, etc. They put out of business increases their foothold on the market and reduces competition, ultimately hurting consumers in the end because BYD will control the market and increase pricing.
It's not fair. How dare BYD make better cars at lower prices?
It's a CCP controlled company.
What you are really saying is "How dare the CCP attack auto manufacturers in other countries"
But you are being sarcastic because you don't actually understand the situation.
@@reginald7214 , just because it is public doesn't mean the CCP doesn't own a massive stake? Who's the ignorant one?
BYD was founded after the acquisition of Xi'an Qinchan Automobile which was a 100% CCP owned entity.
All the CCP did was wrap their government owned company in a publicly traded one to obfuscate their influence. BYD CEO refuses to say they aren't sponsored by the CCP... because they are.
Do a little research.
No such thing in China. The government controls everything. I don’t mean through influence, it is direct control.
@@reginald7214 lol there are no "Public" companies in China. The CCP is heavily involved in BYD. Also, until their cars stop spontaneously exploding, they wont be popular in the US.
Don't you wish china government give you a tax rebate. They will post you check from China to subsidize tax you paid to your Biden government.
Free competition it´s good for everybody. For consumers, for state and for companies (in this case because it purges the inefficient ones who would harm the others) Wish the US could understand this.
After the introduction of Chinese vehicles in Australia, the prices of both EV and ICE vehicle have dropped, and consumers are the beneficiaries of competition (including those who have not bought Chinese vehicles).
Australia will see more Chinese brands, this year Zeekr, Lynk and Co and also Changan
@@ciybersal3499
Even if we appeal for 10 thousand times, the seller will not be self-disciplined, and no one will think that he has turned too much profit.
The most effective way is to introduce competitors.
Of course the US does and that's why National Risks are playing out effectively as it doesn't have the competitive advantage when IP was introduced to secure monopoly and free market approach are being encouraged as that's the shield against competition. Once the competitive advantage position has lost then National Risks and Overcapacity is used to protect its weakness. Overcapacity is an issue then Apple iPhone, Boeing, corn, weapons of Massive Destruction from Military Industrial Complex should not be exported by leading as an example.
But it's not good for Ford and GM, and government is beholden to them.
Go BYD! Soon everyone could afford a car, thank you BYD!
In the near future, there will be no need to own a car; cars , insurance, maintenance are all very expensive, getting from here to there will become very cheap.
evryone having job dumfoks.
@@shepherdsknoll Yeah, and the hackers could steal you and put you in a jar for ransom 😆😆😆😆
Sounds exactly what my mom did in the early 80s where she owned the fabric mills and basically made a healthy profit off the fabric and setup a factory to make garments where she has the luxury to be in a price war with her competitors. I learned the beauty of vertical integration from her.
Here in brazil byd dominate EVs market in one year. The profit margin here from the legacy market was crazy . There is lot of campaigns to insinuate that EVS are not viable here in Brazil, but that is just the old market trying to not be obliterate from earth by chinese companies. Short term is very satisfactory to see battle market. But long term i don't know if all these dominance will be good for us.
If we were to trace back, the price war was started by Tesla sometime last quarter 2023 when the China EV sales were catching up.
Tesla never started a price war. That's a common media misperception. Tesla's goal was to increase its TAM, as stated in its master plan. A succession of lower priced vehicles that more people could afford. BYD's price lowering is an actual war. Its goal is to drive the competition out of business.
As with business, sell cheap, prepare expensive, Xpsng part for hatchback 6 month deliver time to Norway🍎, so no part network that cost money for manufacturing
Any CEO with the right business mind would do the same as BYD. How can I capitalized this situation for the best interest of my company. Reduce price first, then with the increase in sales volume will lead to further reduction in production cost. This is an opportunity of a life time for BYD. Anyway, electrification is doing good for the environment.
I would generally agree but you can only forgo profits for so long before it constrains what you can do with CAPEX and investing in becoming more efficient. They risk helping Tesla by killing Toyota and VW by forgoing profits while Tesla makes profits they can invest . It has to be a balance
BYD is selling car like they sell laptop battery.
They grew up as a company in different environment. This what makes them deadly. PC and laptop battle.
they are deadly because their batteries randomly explode.
@@JimmyRusslewhat an idiot, BYD and CATL batteries are the best in the world...
It makes sense to do this, once the brand is established in peoples mind they will keep buying it and perhaps the profit margins will increase as the years go by.
Same strategy Toyota did in its early years abroad to establish its brand. Smart because once you get a customer they stick with that brand
Same approach Tesla used.
Selling a compact Sedan with 47kwh for 10k, who can compete... Even if the range isn't great, it's too good of a bargain to pass for most use cases. I would definitely buy it if it came to Europe
47 kwh (150 km) is enough for most 90% of the drivers that do less than 40 km per day. With chargers expanding every day this should not be a problem.
It´s the Americans that keep insisting on "bigger is better"!!
@@ramonbanet8857 What is the charging speed?
@@cifey I looked it up, the car can only do 50kW fast charging. so 30-80% in 30 min with a max speed of 130kmh on the stardard version and 150kmh with 72kWh pack
@@cifeymost will charge at home... They give free the charging port to install at home. The problem is if you're traveling far....
I think Geely is profitable ..
Not in the BEV space - their margins are coming from Hybrid and other operations.
@@reginald7214 - because the space in discussion is BEV. BYD’s hybrid vehicles are not their best and have had issues in China. It’s considered to be their lower growth area but where they make more profit per vehicle.
They dont have to make profit in car sales, their cumulative battery sales is enough to bring profit for them. By controlling more market share it force out legacy car, and eventually the demand for EV battery will go up and they can sales more battery. They already selling their battery to Chery. Chery Omado EV is using BYD LFP battery.
Relying on battery space for profits is not smart - competition is growing in that area and margins are slimmer .
Omoda not Omado. (I personally don't like the Da ending since we have HonDA, MazDA, SkoDA, LaDA, etc.)
Great video, but one correction. The auto market will no longer be a zero sum game. If electric vehicles get cheap enough, more people end up buying more vehicles. However, we could see the pie actually shrinking due to a EVs eventually becoming far cheaper than ICE vehicles.
So I get confused when talk of lower prices is BAD. How did they convince all of us PLEBS that it is a bad thing. It is a farking excellent thing from a consumer perspective. Our planet has been on an inflation crazy run, we need lower prices across the board...
That’s right, let’s triple the minimum wage, disparage Tesla, and lead the charge for union actions against their greedy corporations. Paying off loans for people signed up for but don’t think they need to pay back. Buying votes with money we don’t have. Yes sir, that Trump was a bad man. What!?!?
They will make ton of money in countries where they are building factories as they have first move advantage and dont need to slash prices...this dominating strategy which will make countries and industries succumb to them....the only hope the west has is Musk...but they can do so much about it and tesla , x platfor are not nation driven strategy (i think it is becoming) like the chinese have devised...
I think the way those chinese companies are growing, they are growing with the government putting pieces together..
Huawei focusing on software and tech...geely on satellites and hardware....BYD on hardware and batteries....ane so on ...
As lithium price declined by almost 70%, it makes sense for EV price to decline significantly as lithium is a big component of EV production cost.
Sam, why is it that BYD sees to be able to rapidly expand new factories and yet Tesla seems to have stalled? What's the hot take here? Thanks for your videos man. Some of the best
Because BYD is still primarily a battery company.
They make $1k per car sold, and makes $5k per Tesla sold.
Subsidies
Because German environmentalists burned down the factory
BYD is a battery manufacturer as well, while also having the CCP to provide unlimited funding. Tesla has to fight Unions, governments protecting the legacy interests plus the Oil industry.
western countries especially usa made the wrong bet and demonized electric energy for too long. usa lost the semiconductor race, and now they are losing the EV race. all we get here in usa are overpriced oversized $60k electric trucks and $50k teslas. no competition nor any price options here. lol. it's a joke.
Thai motor show's sale number doesn't reflect the Thailand's nationwide car sales numbers at all. In the motor show, EVs sale numbers are good. Outside motor show, Thai people still buying Toyota, Isuzu, etc. I still see two unrelated families bought their new Toyota car(s) in the same day.
Record month is not only BEV.
BYD is doing cars cheap and very performant. Its just that...this guys own the whole pipeline and can do it well and cheap.
The plural of CEO is CEOs. CEO's means of or pertaining to a CEO.
Byd danza they have five different vehicles that I like that are under $45,000 that I would buy compared to what you get in the US. There is nothing but if he could other than Tesla maybe $90,000 starting price. That's the quality
I wish BYD sold in the States. I'd welcome the competition and better pricing.
Trump will not allow that to happen.
Kudos to BYD for making EV cars affordable to all ppl in the South. Western, Japanese n Korean car makers - good luck! We will never miss you!
Yeah, you get what you pay for. Dont get cocky on their warranty that they don’t stand by. Even Ray Charles can see that they dont😂
Now that the Chinese are Capitalist, it would be interesting to hear their opinion about monopolies... unless the State gets a cut, in which maybe they don't care...
BYD was a good company. now they have done amazing progress in batteries and EVs. BYD shares definitely need to be bought. buying...
Who can argue against the notion that something is wrong with an industry, and needs some serious shake up, when a CEO/owner is awarded tens of billions of USD compensation???? Are you aware that ruthlessly killing off the competition is the tried and true formula in capitalism? When TSLA is driven down to some reasonable P/E ratio we can talk about too much intense competition…
BYD, please come to Canada. we are tired of our stupid American cars, which suck
BUY a Tesla that's SUPERIOR to everything else.
@markplott4820 Tesla is great, but at what price , we need options like IM L6
BYD , xiaomi mi su7 and so on
@@realworld822 - they are ok for Cinal.
but dont meet FMVSS regulations.
Great video Sam
Some of the new EV makers are going bankrupt, but not BYD. I have seen quite few new EVs in Thailand too.
henry ford sold his model t for less than half of what his competitors were selling their cars for
final. yes this is a what isneede to revolutionize a market. Tesla promised this, but never delivered.
Still the same price as last year in Australia
Smaller electric cars are definitely desirable. But there’s a problem with electricity demand and supply in some countries. In the US air conditioning places quite a strain on aging infrastructure. There’s also the issue of A.I., projected to eat 25% of all electric power in the US by the year 2030. Nuclear is the only real answer and it is desperately needed.
Here's what's going to happen and why he's a genius by the time byd builds a plant in Mexico, there will come a time when American companies joint venture with BYD because you're going against Wang he'll build anything that sells I will make money at it. Nobody can do that. Nobody
The cost takeout potential for ICE cars has already been exhausted. The cost takeout for EVs is just starting and they battery pack alone has huge potential even if you don't reduce cost on anything else. Then EVs are easier to build and more of the process can be automated. As a function of time ICE cars will simply be too expensive to make. It won't be a demand or regulation issue just pure cost that causes automakers to stop making them. Parts makers have better foresight than automakers and they already know this and have plans to exit the market.
BYD cant even stand by their warranty. Which is of course expected being from there. Just a nightmare for even the chinese locals 🙈
Break even is unsustainable. Here today, gone tomorrow.
There is way to many EV manufacturing companies in China, BYD is trimming of the fat and cutting off the dead weights. Only the strong survive, and the sooner they do it , the future is bright for BYD.
Seagull is not on sale in Thailand. Sealion, FCB, YW none are on sale in Thailand. You have no idea.
Just like all the big companies. Sell Cheep destroy the competition, then you can charge what you like. Look at DIY stores, I use to be able to get a kilo of assorted nails for a couple of quid. Now in B&Q you get 6 nails in a plastic packet for twice that. Tesco do the same. Butchers, greengrocers all shut up shop when a Tescos comes to town. They have the gaul to sell what they call misshapen potatoes if there not a spherical enough, then claim to be organic and charge more for them, and do you know what? People fall for it.
Yup you got that right! BYD drove a nail in the coffin. Their own coffin LOL
Can BYD come up with a system that recharges the battery without ever having to recharge the EV via the port?
A SINGLE EV FIGHTER VS ICE JAPAN BRANDS💐
7:02 😂
looking for this
Exactly if there is not profit how is that they can afford to buy more plants?? Unless they have the green light from the goverment?? This is called dumping and I assure you goverments around the world will stop it soon.. This is not a fair way ti get ahead so portarying a company of being successfull while using this practices I would never buy a car from them...
they are in for the kill
I love their name!
From the title I was hoping to hear a verbatim translation of some of the salient points… so much gets twisted on social media… I really like to get info from as close to the horses mouth as possible… but great content - you have my subscription.
Prices Drop | What You NEED To Consider When Buying An EV
Dave Takes It on
There are two Volkswagen companies? Can somebody elaborate?
In China there is two VW: SAIC-VW and FAW-VW. BYD as one company does not win the both VW combined. So VW is still the best-selling car brand in China.
@@undisclosedthai are they offering different models or regions or ... ?
Tesla in US makes $7,500 more? Why?
Others: you cant keep doing this
BYD: fine I'll pay my customers to get the cars
"yang wang sounds like a doodle joke" 😂😂😂
The chinese name is Bang Bang
Yangwang pronounced Yarng Warng
The only flaw in BUDs approach is that while they are forgoing profits Tesla can still take profits and compete. The. If need be Tesla can cut prices and be as competitive.
yeah but Tesla will NEVER be able to beat BYD on price
Not true they are competing on price and making a profit in China. Not sure if that statement is true.
BYD GPM is 23%/Tesla 17.5%.
Tesla FSD Beta 12.3.4 - Great First Drive - Zero Interventions!
Rocco Speranza
❤
Obviously, eliminating the competition leads to a future prosperity. It's LONG TERM THINKING. Proper Tesla stock owners are also looking to the long term. It's called competition and the West must respond by increasing efficiency and quality or rest in peace in a museum. Unions are a catalyst to losing business.
Who doesnt want a car built as cheaply and quickly as humanly possible?
Li auto will do well in Australia i think
Tesla is making 7 times more than nothing, sounds like a good profit margin
It's funny how when Tesla builds Gigafactory around the world, it's not scary, but when BYD does it and it's just getting started, somehow that's scary. I always thought, BYD is in a different price bracket compared to Tesla. A little bit like Apple vs Xiaomi kind of thing. The growing EV market can sustain several EV makers based on their merit, not just price. Byd has decided to make its market a price issue and that's fine. A healthy market needs to see different ideas slug it out. But maybe you can explain why BYD suddenly feels so confident despite its poor showing in Europe and elsewhere. It's not a runaway success everywhere, right ? Your sudden ominous tone is curious despite your previous warnings about BYD's poor showings.
Love your videos!
Just so you know, sometimes you graze the mic while moving and it tends to cause a low rumbling noise in the audio. NBD but it’s especially noticeable with headphones in.
I think Tesla started this price war
Please do not repeat again and again that the earning per car of Tesla is 6 or 7 times of BYD. Think about the facts: in 2023, gross profitability margin: BYD 23% vs TSL 18%; net income margin: BYD 6% vs TSL 15%. ???
Yeah.... BYD discounts are "scary" woo woo.
American import tarrifs are (crickets crickets) well... we don't want to mention our crony buddies import duty gouge grifting.
"SCARY WOO HOO woo woo" "Bloodbath" woo... "predatory pricing" squawk phee phoo... Rak phee phoo.
It seems obvious that Tesla will drop prices to increase sales as needed.
Tesla has many Levers to pull.
Come to the USA!
The ocean has now broken temperature records every day for more than a year. And so far, 2024 has continued 2023’s trend of beating previous records by wide margins. In fact, the whole planet has been hot for months, according to many different data sets. “There’s no ambiguity about the data,” said Gavin Schmidt, a climatologist and the director of the NASA Goddard Institute for Space Studies. Last month, the average global sea surface temperature reached a new monthly high of 21.07 degrees Celsius, or 69.93 degrees Fahrenheit, according to the Copernicus Climate Change Service, a research institution funded by the European Union. “March 2024 continues the sequence of climate records toppling for both air temperature and ocean surface temperatures,” Samantha Burgess, deputy director of Copernicus, said in a statement this week.
Récords. You mean since they started recording or in the past 4.5 billion years?
Buying EVs won't change it.
@@stefan2796 Clearly you're afraid it will Mr. Exxon executive.
@@beautifulgirl219 Methane is the main trigger for global warming. But that is what most people don't want to hear.
You can also stop flying to holiday destinations. But what do we see? People driving Teslas and then taking the plane to Dubai, Paris, New York, etc. for some weekend shopping...double standards.
I am hearing this info a lot on this channel, that BYD slashed the prices, mega discounts all over the world . . . .
For the EU market, every time it turns out to be total nonsense and fake stories.
BYD entered the market with the cheapest EV for just around €30.000. A year further down the road, that entry level BYD Dolphin still is €30k.
Never ever any discount or prices slashes seen. So, maybe that wonder happened in Australia or in the USA?
Actually in Thailand and Malaysia BYD already slashed their Atto 3 price by almost 15% for 2024 model. And dolphin also enjoying discount although is already very cheap here. They give like 0% interest bank loan etc...
Regarding profitability, Li Auto is profitable, the only Chinese EV maker that is operating in the black. Check again.
They can't give away EV's fast enough. Battery on wheels!!
Great channel and content - keep up the good work. Sadly here in Scotland the cost of BYD is ridiculous BYD Seal £45k to £55k. The BYD Atto 3 - approx. £40k, Unless this is addressed they will not take market by storm as the cars are too out-priced for the average car buyer. Sadly, the only way to succeed, as they plan to do, is to drop those prices down dramatically to match those prices in China. Then we will start to see more market dominance.
I’m pretty patriotic, but I’m more capitalist than a patriot. If BYD enters the US market, best believe I’ll be in one
Let us know when they stand by their warranty because best believe they won’t. 🙈
not level plaining field. Ccp subsidize byd.
BYD isn't discounted in Europe, and as far as I'm aware, they're not even sold in America. That just leaves China and the smaller markets like Japan and Australia. Hardly what I'd call "worldwide".
You left out Asean, Latin America, Central Asia and Gulf countries.
Almost worldwide I would say
@@kamsunleong6648 The 3 big markets: North America, Europe and China account for something like 2 out of 3 new cars, and in terms of revenue it's more like 80% of global sales. The rest of the World is not exactly a rounding error, but it's disturbingly close. Except for Japan, Australia, South Korea and the rich upper classes, most people there drive used cars that were initially sold in the big 3 markets.
@@reginald7214 I'm sure the automobile industry would love to listen to the Global South.... just as soon as they start buying _new_ cars in any significant number. And when a country like India abandons its 100% import duty on foreign cars.
@@reginald7214 I'm sure the automobile industry will start listening to the Global South when it starts buying _new_ cars, and when India lowers it 100% import duty.
They're doing the Xiaomi strategy
What is Xiaomi? Is it Japanese?
i wish BYD was in da US 😭
BYD: Sell at a loss if necessary - make other makers go bankrupt - take majority market share - no more competition - sell at extortionate prices.
China will intervene if that happen. See what China does to Evergrande.
It is out of the question.
In fact, in China, BYD has dozens of rivals.
All of those dozens are not making profit and are waiting for bankruptcy @@amandagrant4331
Then lower priced competition will reborn.
I doubt BYD can even compete with it’s Chinese rivals.
BYD aka the Chinese government
Burn Your Dollars...by self combusting EVs.
They want it they got it cheers mate
Tesla started the price war , but this guy never days anything bad about poor quality tesla
in the 1990's Samsung flooded the PC memory (RAM) market to over take the Japanese memory dominance. Look where samsung is today? Samsung lost money to distribute their product to all the PC shops all over town.....Once competition was eliminated; samsung named their own prices.... BYD is doing it to car makers with the same chess move.
Someone’s ancestors pissed him off…. Not trying to be funny I’m actually being serious there’s a lot of history between those two countries ..
Byd common take on model y long range now hindustan south.....
BYD has been profitable from day 1.
Don't agree with this video. Why has BYD upped the number of PHEVs? They are having money each way.
Almost afternoon mate
BYD is quite simply a higher quality product than my Shanghai Tesla.
BYD is cheaper, but to say it's a higher quality product is almost laughable. That's like saying that Chevy is a higher quality product than Mercedes, just because Chevy sells more cars.
@@TheCostofAutism Tesla interior is very cheap looking and behind in tech wise compared to a competitive BYD nev. In terms of quality BYD is ahead of Tesla.
@@TheCostofAutism how is byd cheaper, ever heard of denza, fangchengbao, yangwang? All of these are byd subrand too with the cheapest car sold at around 35k usd up to 250k usd
It’s easy with Slave Wages.
Didn't Tesla start this price war?
Well, no talk about state subsidaries?
no such thing as scary or etc