How China’s BYD is Dominating the EV Industry
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BYD, a company you've probably never heard of, is making huge gains in the electric car market, worrying both Tesla and the European car companies. In this video, we're taking a look at who BYD is, where do they come from, how are they so successful, and why is it making everyone worried?
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1 - www.ft.com/content/22527628-7...
2 - www.theguardian.com/technolog...
3 - www.nasdaq.com/articles/tesla...
4 - www.carscoops.com/2023/09/chi...
5 - www.japantimes.co.jp/business...
6 - www.reuters.com/business/auto...
7 - • How China's BYD Overto...
8 - en.wikipedia.org/wiki/BYD_Auto
9 - en.wikipedia.org/wiki/BYD_Auto
10 - markets.businessinsider.com/n...
11 - www.economist.com/business/20...
12 - en.wikipedia.org/wiki/BYD_Auto
13 - www.investorinsights.asia/pos...
14 - www.bloomberg.com/news/articl...
15 - www.ft.com/content/22527628-7...
16 - cleantechnica.com/2023/11/05/...
17 - autobuzz.my/2023/09/25/500000...
18 - www.byd.com/eu/news-list/BYD_...
19 - www.mobilityoutlook.com/news/...
20 - • How China's BYD Overto...
21 - • How China's BYD Overto...
22 - www.economist.com/business/20...
23 - www.economist.com/business/20...
24 - insideevs.com/features/703248...
25 - europe.autonews.com/automaker...
26 - www.scmp.com/business/china-b...
27 - www.bbc.co.uk/news/business-6...
28 - www.bloomberg.com/news/articl...
29 - www.japantimes.co.jp/business...
30 - www.visualcapitalist.com/mapp...
31 - www.reuters.com/world/europe/...
32 - www.carscoops.com/2023/09/chi...
33 - www.digitimes.com/news/a20231...
34 - www.euractiv.com/section/eu-c...
00:00 - Introduction
03:25 - Who is BYD?
05:33 - Why are They So Successful?
05:55 - How are They So Cheap?
08:33 - Why Europe is Worried
11:16 - Sponsored Content
![4BANG - NOT LIKE US (REMIX) [Official Music Video]](http://i.ytimg.com/vi/HO22cYkha1s/mqdefault.jpg)
With today's car market, I welcome any amount of competition.
Yeahh, customers will be benefitted 🎉
Not if China has an exclusive foothold in the EU. De-industrialization is the source of the current crises in the EU. We need to invest in things that export globally.
@@lucbloom The issue with this is that Europe can only block Chinese imports on its own shores; it has no power to block Chinese imports in third-party countries. Thus, Europe would still have to compete with China elsewhere in the world, but without the power to impose protectionist measures against them.
To put it another way, if the EU's protectionist measures shelters its auto industry enough that it doesn't feel the pressing need to match and surpass the Chinese auto industry on EVs, it will be ceding the global EV market to China in an attempt to protect its local market.
Protectionist measures against China's auto industry would also likely trigger a tit-for-tat response from China, locking EU automakers out of the very large and profitable Chinese car market; for comparison, the Chinese car market is roughly the size of the EU and US car markets added together. Losing the Chinese market, and being outcompeted in the rest of the world, would already be catastrophic for European automakers and the EU economy.
What Europe needs is an effective industrial policy with big investments in developing and improving EV tech together with an even tighter schedule for replacing all ICE sales with EVs. If Europe doesn't do that, it will likely be driven out of most of the global market by cheaper (and potentially even better) Chinese EVs. And time is running out for doing this.
Of course, Europe also has one heck of a disadvantage in that energy prices in Europe have spiked because of the lagging transition to renewables coupled with it losing access to cheap Russia natural gas, whereas energy prices in China are falling due to it having access to the cheapest photovoltaic panels, wind turbines, and batteries in the world and it installing more solar per year than the rest of the world added together. If Europe can't bring down its energy costs then deindustrialization will happen in all energy-intensive industries regardless of whatever else Europe tries.
Chinese competition is bad for our himan rights and our jobs and most IMPORTANT OUR DECENCY.
@@peterpanini96 Unfortunately for you, I am not a big fan of himans.
Edit: nobody got the joke.
The US and Europe have been singing how protectionism hinders economic growth and free trade is the way to go. Now that it doesnt suit them, the story has changed....😅😅
They spouting that crap because they had the advantages.
Exactly. We in Europe need to get down to business and stop whining. We are too arrogant and worst of all lazy. Time's up. Either we do better or fade away.
"protectionism" ? Sorry, I don't see it in everyday live.
Almost every electronic device available is made in China ...
Altough I see a bunch of minimum standards in the EU that must be fullfilled. If you want to sell something in the EU, then have to guarantee the CE standards and put your neck on the line for issues.
@@benjaminmeusburger4254 That's because those electronic devices contain a large number of Western semiconductor parts, and most of the profits from selling these electronic devices have been taken away by the West. When China prepared to produce its own semiconductor parts, the United States imposed sanctions on China. But now that China's electric cars are entirely made up of China's own parts, the West cannot impose sanctions, so the West begins to tell stories of unfair trade.
Protectionism is the only way to win for the US.
BYD cars are great! I just bought a BYD Seagull for 24K, it’s amazing. The other option I had was a Renault e-Kwid for 30k but it was waay unsafer and didn’t even have half the features byd has.
byd cars selling in china for 5k....
Big in Australia. The top EV brands BYD, Tesla and MG. All made in China for the Australian market. So not much choice if your comparing company of manufacture. Add to that no local car industry.
Before the China car came, the Australian local car factory had long since disappeared. In the future, mg and byd in Australia may be made in Thailand, because Thailand is an overseas base for right-hand drive vehicles produced by China car companies.
@@hi4806 This actually matters less with EVs than with ICE cars due to how simpler EVs are. It's much easier to produce both right-handed and left-handed EVs in the same factory, with a lower number of different parts between them, than it's to build both versions of ICE cars in the same factory.
@@FabioCapelagreat point!👍
Remember in 2019 when the Labor was going to invest into a local industry using our lithium? Too bad electric vehicles ruined the weekend and instead we got a nuclear dump contract.
Why Australia not fracturing EV locally? 😳
BYD is so good at making batteries... even tesla buys their battery.
china # 1
They purchase batteries for one trim of one model as they currently far outsell what they can otherwise produce.
@@HTX-enjoyeractually they buy on multiple
Another CATL. Also Chinese
No need to Cope@@HTX-enjoyer
@@raymonddon8875 made in China haha it's suck
Well, it drew the attention of Charlie Munger, who, as vice-chairman of Berkshire Hathaway, convinced Warren Buffet, Chairman and CEO, to invest. The investment was not made because of electric cars, however, and Charlie Munger is on record as having tried to persuade BYD not to go into Electric Cars.
Munger also said that the BYD CEO is actually better at building things than Musk.
@@A.L.765 not a high bar... the muskrat is a 🤡
That's a curious thing. What should they focus on to make in Munger's opinion?
@@danielgomezmeneses6989 as I understand it, their traditional domain of battery development. Although I think before he died Munger conceded that they were right and he was wrong.
we love BYD... from cuba!
Correction: the BYD Atto 3 isn't even close to the cheapest EV on the European market. There are a range of European and Chinese EVs available for a lot less money.
Barely
I don't believe you.
US protectionism and Chinese expansionism. Economic world order has changed.
And European mediocrity also
Don't take your personal freedoms for granted anymore. Remember any freedom of speech or opinion on the government in China is quickly squashed. So be careful what you wish for. Global leader influences more than you realize.
Just buy no cars at all,problem solved!
@@brunoheggli2888 try do that in most of US... see how that work out.
@@johnsmith-cw3wo 🤣
We have a few BYD buses where I live. Pretty comfortable to commute in honestly.
Byd is the No.1 electric buses seller in the world, including European and North American market as well.
They're still not a better investment than Tesla buddy
@@ivand0007 Elon is highly controversial. Tesla could collapse (in stock value).
@@calvinhoward3808They said Tesla would go bankrupt for decades now. Tesla is still in business today. Go figure.
No it isn't. Hardly any BYD's in Europe!
No.1 in which term? BYD have to buy back their EV buses from LA metro after so many issues in operation.
Just a little correction: Name of the city in Hungary where they will have the factory is Szeged not Sziged
😏arrogant Anglo-Saxon channel
I live in Costa Rica (Central America) the best selling electrical vehicles are BYD, and each year they are selling more and more, the key model here is the S1 Pro, really nice car for the rough streets of CR
2:24 The Hungarian city is called Szeged not Sziged (as it appears in the video). Also, it's not just an intention, the factory is going to be built (I live nearby the construction site).
People who still think that the only reason to buy a BYD or any other Chinese EV is the price have obviously not been paying attention to the market
Would love you to elaborate my friend. For the sake of the ignorant like me.
@@Lelende Quality has improved dramatically and the in-car electronics are much better than European makes. The whole experience of being in the car is just better.
Yet the price is a major factor. People only have so much to spend. Yes the byd cars are surprisingly good, but most people have budgets and if byd has been more expensive the rest would not have mattered
@@bzuidgeest Price is a major factor, but the video made it seem as if price was the only factor
Dun tell the white boi.. And the anti china indians
We are a new generation looking for affordability and new technological advancements. We dont wanna stay stuck buying overpriced cars that have nothing interesting about them 🙃. Cant wait to have the chance to try one someday
This here. When was the last time BMW serious updated their interior? Maybe mid 2000's. Zero innovation.
For example, when the Volkswagen ID3 sells for 15,000 euros in China and 40,000 euros in Europe, I wonder what ordinary people in Europe will think?
We are getting ripped off where ever you turn
No mention that Tesla started to use BYD batteries for some of their EVs as well? cos this means for some Tesla sold, BYD also profits. Mercede benz EVs also use BYD batteries, many EVs on the market also use BYD batteries and BYD profits from all.
tesla and many other auto companies use lfp batteries from CATL, it's a competing battery manufacturer
It's not the same batteries as in BYD cars, as they don't use cylindrical batteries. That is why we see so many BYD cars burn in China.
@@-JustHuman- That's not true. BYD batteries are much more safer than anything else in the market place.
@@robbrand922 Nope, there are so many video and stories of them suddenly caching fire in China.
th-cam.com/video/qKa8mVOe5so/w-d-xo.html&ab_channel=serpentza
th-cam.com/video/kgWttfFOzZk/w-d-xo.html&ab_channel=ChesterCheng
@@-JustHuman- byd is much safer
BYD will be in the top 10 car sales in Australia this year. We now have Atto 3, Seal and Dolphin. Later this year we’ll have a ute and Song L.
Here in south American. German cars are becoming obsolete. Even new ones have technology like 15 years old.
And the EU is not keen on the EU-MERCOSUR trade deal, making a potencial market for these companies a target for cheap chinese cars
@@mosaloquendo we build better a more technological and cheaper cars than Europe. Chinese cars can't compete here.
South America doesn't get "German" cars - they get brands like VW, but I can tell you for sure they build the cars in Mexico or Brazil - not Germany. An actual German built car is next level better build quality than what South America gets (maybe order the higher up you get German built, but not the usual cars you see driving around).
@@joebloggs7058 whatever. We see "german cars" as the worst cars in the market. Olds, not trustee, full of cheap parts and expensive to the competition. And happens all around the world. You can call them what you like. But if you ask about german cars all around the world, they are bulls*** or for millionaires. No real market products. Just a really bad product or a niche one.
I wouldn't say Byd doesn't sell "all that many" cars in Europe. Their current market share in Europe is 0.1%
When vw occupied the China market, no worries. When Chinese come to Europe,...
Typical European hypocrisy what can you expect lol XD 😂😂😂😂
BYD is already the most popular EV manufacturer here in Brazil. And they’ve just arrived in our market
This proof Warren Buffett and Charlie ain't fools
Elmo is the fool here.
They should of gotten Tesla stock instead though. A much more valuable company as they don't just make cars in batteries. They also make way more per car sold.
@@lachlanB323 they never bought a artificially pumped and overvalued stock
@@itsmeee7364 Sure...
BYD = Build Your Dream. Not terible cars and certainly worth a look.
Build Your Dream is just a marketing slogan... like LG - Life's Good.
BYD is just a phonetic translation in latin letters of it's chinese name. 比亚迪; that sound Bǐyǎdí (close to BYD)
@johnsmith-cw3wo maybe marketing but LG stands for Lucky Goldstar!
@@jonathantatler same thing...
BYD stand for Bǐyǎdí not Build Your Dreams
LG stand for Lucky Goldstar not Life's Good.
LG was formed by the merger of Lucky and GoldStar... I had products from both in the 90's 🙃
@@johnsmith-cw3woeither way, the name is not relevant to the quality of the product
Its beyond your dreams 😂
BYD makes their own batteries and batteries for other companies like ford or mercedes. No wonder they are so profitable even without the alleged subsides from the chinese government. In any case some of its cars are small ones, exactly what is lacking in American and European brands
BYD EV profits are razor thin. They make almost no profits. Tesla however is making some of the highest margins in the auto business.
@@billweberxthey finance their EV sector with their other bussines... when Amazon did the same using AWS to finance their businness no one said nothing
@@mariomoneta2833Tesla have great margins due to their manufacturing efficiency of scale, no one has come close.
@@mamba101 If Tesla is so efficient why are their cars almost twice as expensive as BYD?
@@HELLO7657 The price of the car is based on the market, very little to do with the manufacturing cost. Tesla have great margins because they can produce cars efficiently, unlike pretty much every other car maker (especially legacy)
Elon Musk is too busy with Twitter. I don't know if elon is destroying Twitter or Twitter is destroying elon. Either way, the Internet will keep us entertained.
Twitter will outlive Elon, I'm sure. That's why we shouldn't bother calling it x
Elon is going the way of Howard Hughes. Uncle Sam will get pissed and use his big stick, particularly after the upcoming election when Elon will probably act out for the Twitter clicks.
He destroying him self,space X is in good Hands by engineers,and Tesla is one of many these days❤
One significant point you neglected in your video is that when China allowed Tesla to set up manufacturing there, Tesla raised the quality of Chinese suppliers to meet their specifications and this in turn flowed into Chinese manufacturers. It is no accident their quality and tech improved after Tesla set up in Shanghai.
Also as you said a lot of media just compare raw sales numbers between BYD and Tesla but miss the real story, which is these companies taking market share from legacy auto. Tesla and BYD only really compete directly with the Seal v Model 3 and they are different enough that buyers can choose the style they prefer.
Sthu
Let me guess.... Tesla shareholder
thank you for sharing some of the true information
Tesla has absolutely nothing to compete against BYD's Seagull and Dolphin tho...
Lol. This is a common myth coming from western media. BYD had their quality focus going long before Tesla setup the giga factory in Shanghai. Mercedes and BMW set up factories in China a long long time ago. To attribute the improvement of BYD quality to tesla is blatant propaganda.
Decided for a BYD after failing to buy a Tesla (after paying for it completely..). It's kinda Tesla own fault here in germany not to improve their service.. and perhaps invest little bit in PR..
sooo how much money do you have to purchase a tesla, probably didn't get a refund, and buy a chinese EV?
@@0fficialdregs Tried to order Tesla in september got refunded in october, Seal was set to release in November, so had enough time (6 weeks delay, just got the car this monday).
I got some discount on the seal, so it was just slightly more expensive than Tesla, I don't have enough savings for both cars (yet!)
Batteries in Tesla's car, sold in Germany, are from BYD...🤣
@@matrixbug the irony lol
@@matrixbugreminds me of the guy who told me that Tesla had better batteries then BYD
That clip of Elon laughing at BYD aged like milk
Not really, they were talking about BYD cars coming to the West Coast of United States. Sales in USA are still practically nonexistent. However, this may eventually change, but even after all this time, still almost no sales.
@@ChiSpirebattery dependency*
Not at all. As has already been pointed out, it was about sales on the US market. And even if you disregard that, the statement was both true at the time, as well as Tesla has not really been slacking or taken competition lightly at all. Tesla is, in fact, the only Western company who has taken EVs seriously. So even if you interpret the statement in its most unfavourable reading, it doesn't mean anything.
Europe as a whole has been way behind the times on EV’s and environmental energy solutions. Penalising China for thinking ahead is just wrong and europe’s own protectionism. I’m all for de-globalisation, its healthier for the environment, but healthy competition is also good and I am all for BYD, as long as their software is compliant with privacy laws (which is most likely isn’t). Renault is the only company to comply with EU Privacy laws in Software currently
Because chinese manufacturers dont really follow the same laws and regulations in labor or production as EU.
Of course it would be cheaper if your workers are not paid properly and there are few environmental and safety regulations to follow. Along with chinese subsidies then ofc those cars would be cheaper.
Dumping is against WTO regulations.
@@forte609 Yes, these are understandable reasons, so why are we buying oil from Gulf?
Europe is the 2nd biggest EV market after China and the US only has Tesla as a relevant car company. Now Tesla has fallen behind technologically behind Asian and European companies.
Since China's automobile factories are newly built, they have a better degree of automation than those in Germany. They are even lights-out factories, so labor costs have no decisive impact on prices. The reason why Chinese EVs are cheaper is because the industrial chain is complete and more efficient. For the same Tesla factory, Chinese factories are better than American factories in terms of quality and output.
Can someone explain how fair is to apply 25% tariff on Chinese's vehicles?
Does that means that the final user have to pay more for a Chinese car, and the governments can use that 25% on what they think is the best for the people?
Because Europe believes that Chinese cars are too cheap and will kill European car companies, and the interests of users are not important.🤣
pretty much yeah
They provably give billionaires that 25 percent as incentives to build ev things... Hopefully they will build better car or battery for premium prices... Thats how it goes... But china steals that tech and produces that tech and cycle goes on forever (i think, just guessing)
They manipulate their currency so already China competes on an uneven playing field. They have few or no environmental regulations to this day, which entirely undermines the value of EV's from China in the first place. Broadly speaking they don't and haven't played fair so a tariff is a pretty trivial counter balance.
@@RNA0ROGERnot to mention stolen IP
Musk’s laugh reminded me about Steve Balmer laugh when iPhone launched 😂😂
He’s a weird man, I mean robot😂
Tesla makes more profit than all Chinese car companies combined and he is the world’s richest man. I guess Elon is laughing all the way to the bank 😂
Umm, Tesla's profit has halved during last year given competition. BYD profit is set to double this year, I guess you know nothing about business, it's all about the future, not today.@@ChiSpire
@@ChiSpire🤡 alert
BYD has also produced thousands of electric busses, compared to zero at Tesla.
Most of which are ronsons
@@Inkslinger123source
And Oral-B has produced far more toothbrushes. It isn't a market they are both in, of course the company that sells and producers busses sells more busses than the company that doesn't.
@@HTX-enjoyer also sells cars . And batteries
@@JonySmith-bb4gx yeah, cause they're a battery and EV company.
2:00 I agree with your opinion: It is not Tesla that should worry; the other brands should worry. Tesla and BYD had teamed up to destroy ICE and EU car brands.
agreed, Tesla has tech, BYD has cheap. what left for others?
Byd sells are good in china. But thats it. Its normal that chinese people are buyung chinese brands. Merc and bmw still the most profotible brands. Chinese brands have also no technical advantage against european ones. They dont have better range better and faster charging time or better ride quality. Als the good chinese car with good fast charging times are using german supplier tech.
Tesla also is a luxury brand anyway, they shouldn't be number 1 anyway.
I think BYD will likely make most of its money from selling battery packs, not for selling cars. I expect by 2030 both CATL and BYD to have factories around the world building battery packs for almost every major automaker, with battery packs that use much newer chemistry than today's lithium-ion batteries.
*RIGHT....... OKEEEEE......DOKEEEE MUSKEEE FANBOY.........*
Ha ha. BYD will be the world’s largest car company by 2030.
Nope l, disagree, i am from Egypt, always loved cars since i was 3 yro old. My first car was an alfa 156, then a BMW E39 then an F10. And i want to switch to electric (for acceleration and low center of gravity not economical reasons) and i am a huge tesla fan and i have money yet if i import one i will have absolutely no after sale service.
Meanwhile Chinese car companies are setting up shop here left and right and there are dozens of new EV models in the market with after sale service with a wide price range especially in the last 12 months.
As for European Cars the price points are just too much for what they are offering now. The G60 530i sells here for $110,000 which is twice what the Nio Et7 sells here for. + the G60 is the first 5 series i didn’t get excited about, it didn’t do as big of a jump as previous models.
Which made me thinking to go for something like a Nio or BYD, which i wouldn’t have done 3 years ago.
I think Chinese carmakers picked the right time to aggressively expand in time when American car makers are focusing inward and euro car makers are lazy.
unless you're a license financial expert, your expectation is way off lmfao.
That what u "think" hahaha
Tried to watch on Nebula but the video player only played audio. 😢
Woow love it. 🎉. I have visited one of EV maker in China last month. It was a mind blowing experience for while life. The factory and complex was super smart and clean 😮😮😮😮. Now I really believe how they made a best cars in the world ❤
Clearly wrote by AI your full of it
@@Inkslinger123 ok prove it
😂😂😂funny how AI bots are trying to blame themselves 😂😂😂
@@jamesmoy1214 ok where is proof that it's written by a chatbot .
Prove otherwise
@@JonySmith-bb4gx wasn’t talking about you. It was inkslinger123 I’m referring to
BYD cars are just way ahead of others cars like the japanese. Going to get a second BYD soon.
Excellent video 👌🏽👍🏼
very well presented - nice to see someone on YT sans ego :)
No BYD Atto 3 is not the best selling EV in Sweden. That’s not true. In fact its not even close. Tesla Model Y was the best selling CAR (not just EV) in Sweden in 2023.
BYD vs. Tesla is the new Ferrari vs. Lambo
No
The difference is that BYD and Tesla are competing to become the biggest automakers on the planet in the next decade, whereas nobody cares who wins the supercar competition between Ferrari and Lambo.
@@amosbatto3051 also no
I don't believe you.
@@rajeshranjan3199 , You do realize that plugin vehicles (BEVs and PHEVs) now have 42%, 24% and 24.9% market share in China, Europe and California, and they show S-curve growth. Maybe the legacy automakers will figure out how to compete with Tesla and BYD, but all evidence so far is that Tesla and BYD will dethrone Toyota and Volkswagen to become the two biggest automakers on the planet. In the same way that Nokia and Motorola were replaced by Samsung and Apple in the transition from feature phones to smartphones, I foresee the same sort of transition happening in the auto market over the next decade.
It should be pointed out that the exact same conversation about subsidies skewing the playing field was had on the issue Boeing (US) vs Airbus not so long ago.
Great breakdown, very thorough
We need BYD here in the US!!!
ev doesnt mean "energy vehicles" lol
This video is bongus. BYD didn’t even make enough EV’s to take over Tesla. It’s all propaganda
In China they refer to anything that is not an ICE as New Energy Vehicle, including Electric Vehicles
@@Entertainment- AFAIK it must include the capacity to run carbon-free. Thus a plug-in hybrid qualifies as a NEV in China, but a plugless hybrid doesn't.
(A hydrogen car also qualifies as a NEV, though those are more a bad joke than a viable alternative.)
But not mistaken BYD have a lot of battery explosion, or am i wrong.. i want to be wrong though
Wrong. the BYD "Blade" battery can be shot by a nail straight through the battery without setting off a chain reaction fire. Tesla's earlier batteries are the ones catching fire
I’m also planning on buying a BYD because Tesla is just too expensive for me.
Chinese EVs are not just cheaper but better, or at least as good. More brands are as good as BYD in China, such as Xpeng, Aion, AITO, Luxeed, Great Wall, Cherry, Geely, Dongfeng, Li, Nio, Arctic Fox, Xiao Mi, etc. more than one hundred brands.
china subsidysing european consumer is somehow bad
Because then a lot of high paying jobs will disappear
@@johnl.7754 then you can tell manufacturers to set up factories where they would partner with local brands and employ the same people or aquire the company who does it and bring to local economy
I just realized that selling more affordable and good EVs in Europe is "bad thing", and EU is trying to stop it's ppl buying more affordable EVs....😂
BYD Seal > Tesla Model 3 !
Same like in Australia, alot of scared people but also alot of happy consumers just couldnt wait to get the car :)
"Have you seen their car" Bro have you seen your Tesla in 2011?
While everything you said about Tesla not being threatened by BYD is true, they should be concerned about their stock price. Tesla is the biggest car company on the stock market by a long way. The reason why there stock price is so high is that investors believe Tesla is going to grow to be the biggest car company in the world (actually bigger than all the other top 10 car manufacturers combined) but how can investors carry on believing this if that aren't even the biggest EV manufacturer in the world. Yeah they make more money per car but BYD sell way more cars then them.
Tesla are due for a major price correction at some point
Teslas have to become more affordable if they wanna be like VW & Toyota combined..
the CCP brands might sell a lot, but their quality isn't on par with Tesla or legacy vehicles.
Just like the CCP navy is the largest by size amount, but still fail behind the usa in tonnage and technology.
@@0fficialdregslol China build way better than us crap
I couldn't agree more. I think Musk really dropped the ball by deciding to produce the cybertruck (hugely profitable but inevitably a low volume model) rather than a mass market Tesla model 2, which would sell like hotcake in Europe and also emerging markets. Big mistake.....
@@0fficialdregsCCP does not make the cars just like American government does not run their country 😂
You misspelled Szeged in your video.
7:38 The minecraft gold and iron for raw materials is so funny, especially next to all the other professional pictures
Back then when first Tesla was released, European car companies didn't take it seriously and was continuing their investment in petrol/diesel engines. That small gap made them basically on way to lose all.
BYD F3e pure electric car was released in 2007, does anyone care about them? A year later, Tesla released the Roadster.
@@user-kf3zv8ps6qand your point is?
Doesn't Tesla uses BYD batteries? The answer is;
- Tesla has started using BYD Blade batteries in Model Y cars.
With rare earth restrictions around the world, BYD has cornered the battery market. Tesla can tey building their own batteries but will be nore expensive than BYD which will ultimately increase the price of the final Tesla price.
AFAIK Tesla doesn't have the technology to make batteries from scratch. Even the batteries it "makes", for the cars it sells in the US, use cells from Panasonic (made in a part of Tesla's factory that is operated by Panasonic itself and where Tesla employees are not even authorized to enter).
@@FabioCapelaTesla bought a lot of battery technology and patents.
They are perfectly capable of building batteries themselves. They just cannot build enough of them. So they rely on external partners like Panasonic and others.
Tesla is miles ahead in the elimination of cobalt from batteries as an example. That's Tesla tech, other car manufacturers would like to have but can't. It's not owned by Panasonic, it's owned by Tesla.
@@bzuidgeestno Tesla doesn't have any competent battery technology
@@bzuidgeest You know, LFP batteries - such as those powering most cars sold by BYD, and of which the three companies that have a near-monopoly are all Chinese, namely CATL, BYD, and Gotion - are already cobalt-free. BYD has been using those batteries for years, and Tesla also uses them - buying them from BYD and CATL, incidentally.
@@FabioCapela yet lfp is less energy dense. And for ev's range is important in countries such as America. So li ion is still King and most manufacturers still need far more cobalt in there than Tesla.
Lfp has no nickel or cobalt, never has.
Tesla uses whatever battery it can get, like most manufacturers getting enough of them produced is a problem. In this byd has an advantage.
But nothing you say, makes the claim that Tesla couldn't design a battery true. They can, they have and like the Chinese company's their tech is a combination of home made, bought stolen and what not.
The Tesla BYD thing always starts off with Musk laughing at BYD in 2011, *13 years ago.* Is it possible that many thought their designs were actually undesirable then but like magic they actually tried, hired different designers and *13 years later* they look good?
No 13 years later they just have way more of them on fire posted all over. I don’t know how everyone’s missing this because it’s literally the same with the other smaller gadgets like the Hoverboard issue. Anybody can make crap look delicious from afar but that doesn’t make it a tasty treat.
"Biggest company you've never heard of"? Ia absolutely did hear about them.
European car industry still don’t understand the pace of transformation from ICE to electric cars. If they don’t invest heavily in EV , they will be remembered as good old brands soon. Even Tesla lost it’s position to BYD despite the fact that it is a EV brand since the beginning.
i mean for Tesla its ok because they are technically a luxury brand, the fact they were number 1 showed how badly the west squandered the EV revolution.
First the whole western world outsource almost everything to China, building this country economy and lifting it to the second economy in the world, and not it complaints that they are dominating domestic markets? Was it ok to outsource parts production, but not whole cars? Plus, look at the European car manufacturers who are lagging behind its American and Asian competitors, but only in quality, because price remains ridiculously high. If European leaders are dumb enough to outsource almost everything to Asia, they should face the consequences. And if we face production of almost everything being transferred to China, due to production cost, so be it also cars. There is no reason for us to pay less for everyday product, but not for cars, which are a serious expense... Competition is the way to make thing better and cheaper. Seeing what China can produce for so low, I would be happy to buy from them and no Germans...
Which what is western world ?
Is there an eastern world ?
Southern ?
Northern ?
And China lifted itself . No one "lifted " china .
Europe colonised Asian nations . U d be out of job of Asian nations kicked u out
Any competition is good, I hope there will be more, 2 is a very small number
BYD: “Who’s laughing now?”
BYD is listed not private
Private here means private sector (non-state-owned)
@@champan250here in europe or here in this video? Im not from europe, sorry for asking.
@@TunaStrata in finance and it is implied. For countries that don't have a large state-owned sectors, "private" implies non-listed companies, otherwise means the "private sector".
This is not just China, finance people do that for India too
I still remember the 2008 Beijing Olympics when the western media kept saying that China was the center of world pollution, and as a high school student I also thought that China should vigorously develop green energy. But now China is the world's largest developer and producer of wind power, solar power, and EVs, and yet it is considered by the West to be an invasion and threat to the west's industry. Sometimes I really don't understand what the western media is thinking.
Haha,😂
That BYD logo looking like a sus BMW logo.
I think you forgot uploading this to Nebula.
1 billion dollars -> puts pound symbol.
Great quality control guys. Keep up the good work.
just one small mistake. chill 😂
When Elon Musk laughs at a company and Warren Buffett invests in it - assume it will be big ...
When they do what made Tesla successful, but more so, assume they will out do Tesla
When a battery and technology company becomes an EV manufacturer ... assume a Car company can't compete including Tesla
I did see a lot of BYD ev burning on YT.
Who wil give these cars an Insurance??
China has access to all of Tesla's patents. That was one of the conditions to setting up the Giga factories over there.
Tesla is a battery and technology company
@@richardlabeja Actually, outside of the US, Tesla uses Chinese batteries from CATL and BYD. If you buy a Tesla in Europe, it will very likely use a Chinese battery, perhaps even a BYD one.
And both the CATL and the BYD batteries that Tesla uses outside the US are better than the Panasonic batteries it uses in the US to boot; the Chinese batteries last longer and recharge faster, at least for the current models in use by Tesla.
@@RedbadvanRijn-ft3vv BYD sells over 3M cars per year; you will obviously find a few that burn down, the same way you will find Teslas burning down, and Fords, Toyotas, VWs, Mercedes, etc.
Also, the vast majority of those fires are in hybrid models. Hybrids actually have a much higher fire risk than either pure electric or pure ICE cars - and as BYD (and China) draws closer to a fully electric future, those fires will become rarer (as pure electric vehicles suffer from less fires than ICE cars).
Incidentally, the LFP chemistry that BYD uses in its cheaper batteries is much less prone to catching fire than regular Lithium batteries, and the Sodium chemistry that is poised to take over the lower priced segment is even safer. Heck, the contents of the Sodium battery will likely be fireproof enough you could douse fires with it.
1:53 actually tesla doesnt have gross margin than byd. Because byd almost produce every part themselve without rely much on provider
I love LiXiang L9 car. It's a hybrid and it's wonderful.
I have also heard that Chinese domestic consumption of EV's has declined significantly and the only markets able to absorb this excess production is the EU and Russia. The EU is likely to respond with trade restrictions that will cut BYU sales.
But then China would just use trade restrictions back. In 2021 China represented 12% of german car exports (and substantially larger in terms of profit margins), hence why the germans have been resistant to french plans. On top of which theres now an annoying little island (UK) off their shores which the germans call treasure island because they get such good profit margins there, which the Chinese could choose to compete much heavier in with the UK unlikely to care seeing as they don't really compete in the same segments.
😂You can check the data. The number of electric vehicles in China increased by 36.2% in 2023.
BYD Dolphin became the best selling EV here in Brazil since it started selling here. The same is happening in many places around the world, wherever the Chinese - and, in particular, BYD, as the largest Chinese car maker - sets shop in a country without strong local car makers, they not only displace most EV sales from traditional auto-makers, they also force the traditional automakers to cut their prices (some competing EVs dropped their prices by more than 20% here in Brazil when BYD started selling the Dolphin) and cause the EV market to grow faster (because, you know, lower prices). Chinese car makers can grow their global reach, at the expense of traditional car makers, even if they are locked out of the EU and the US.
Also, EV sales in China are still growing strongly. Plugin vehicles are as of last November (the last month for which data is available) 42% of all new car sales, of which 27% are pure EVs and 15% are plugin hybrids. In fact, more than half of all EVs sold in the world are sold inside China - which allows the largest Chinese car makers to reach economies of scale in EVs, just from sales in their home market, that outside China only Tesla can match.
There is 0 chance that the EU is letting china take advantage of EUs own subsidy scheme
Russia market is about as big the total of Moscow and St Petersburg
Good luck fitting charging station across the vast expanse of Russia
@@joshuaalexander8866German car companies now produce mostly in China for China. That’s one of the main reasons why exports went down.
I was half expecting another video entirely made to bash Tesla but it was actually a really unbiased take on the current market! Props to the team for making this!
American Autos are always subsidized by the US gov. Boeing and Airbus got so much government subsidies as well. So it's no big deal that BYD or any rising Chinese industries get subsidized as well.
Small thing, but it's SZEGED, not SZIGED on the graphic about the BYD factory in Europe.
BYD vs Tesla in profit margin
BYD made 20.8% margin on motor vehicles (like for like USGAAP) in Q3-2023 and this is expected to increase in Q4.
Tesla made 18.7% margin on motor vehicles in Q3-2023 and this is expected to fall in Q4.
And then you look at the actual prices of the vehicles. The model Y (teslas most sold vehicle) is more than twice as expensive as BYD's best selling models, yet still outsell them. They are in completely different sections of the car market.
@@HTX-enjoyer your comment make no sense, it doesnt change the fact that byd make more profit per each car sales. Also the high end byd vehicle are more expensive than tesla model x too
@@nagi-springfield93 the high end vehicles have next to no sales compared to the cheaper vehicles for either company - they aren't the money makers.
It makes a ton of sense. Making say, 20% profit off of a 20k vehicle is great. But making 20% profit off a 50k vehicle is better - if the two vehicles sell similar amounts. Which they do in this scenario.
@@HTX-enjoyer Sure the more expensive product you sell will earn you more profit overall. But in this case byd offer similar competing product to tesla with a much cheaper price and its only gonna benifit more for a normal comsumer.
And in term of total profit byd made in 2023 is not far off compare to tesla and is expect to exceed tesla's profit this year. So your point still make no sense. Byd are selling more and making more profit than tesla, benifit more to consumer in this scenario
@@nagi-springfield93 They mostly aren't selling similar cars. Most of BYDs sales are cars half the price of tesla's (and only in China), and they are half the price for a reason.
BYD is still the second biggest EV seller, though they will probably be in 2024.
BYD also sells non EVs contributing to their profits. Counting non EVs, they sell close to twice the amount tesla does. But we aren't talking about non EVs.
Beating Tesla in one quarter is hardly "dominating". I would have said Tesla and Byd are competing as leaders in EV production and sales
I would agree about Tesla and BYD dominating the global EV business, but Q4 2023 was not a fluke. BYD clearly is going to keep beating Tesla every quarter from now on in BEV production. Tesla offers 6 vehicle models, whereas BYD offers 64 vehicle models. BYD currently only sells 10% of its cars outside of China, but it is gearing up for massive expansion abroad. It is now offering its vehicles in 70 countries, whereas Tesla sells in 45 countries. Telsa doesn't sell in Africa, Latin America (except Mexico) and most of Asia, while BYD is targetting the developing world, which means that BYD is going to have a lot of markets where there isn't much competition.
It takes only one quater to beat a company and dominate forever
@@stankoone9666 Logically it takes one quarter to start dominating, but if it doesn't continue it doesn't count.
@@amosbatto3051 I am not going to claim to be able to foresee the future, but I would expect Tesla, with it's focus on BEVs, and all the new models on their way, to continue growing their market share. It will be fun to watch whoever "wins".
@@user-gg4is6db4u Tesla... the sales hardly grow in the last months in ''the west'' for Model 3 and Y, and even dropped for X and S.
Sure they have the Cybertruck... the perfect car for criptonerds with a micropenis.
Competition is cool until I get a cardboard car.
That's gm
I'd say VW knew software...
Basically China government give subsidies to customers.. and Customers win 👌
Musks just underestimated the speed of innovation in such short times..I guess he was so used to the spppeeeed of innovation in his hometown n not aware of the Chinese way of doing things.
He is just one dude.
Good. Let BYD, Xiaomi and all other Chinese EV producers ship to us in the 3rd world where we can't afford or even buy Teslas.
More proof that Warren Buffet has a time machine
Tesls's batteries are also either chinese or made from chinese supplied components (they own the battery raw material supply chain), so even for every tesla sold, china still wins.
In my country's capital we have a lot of electric buses, they are also BYD and if you want to realistilcally buy an EV BYD is the only option besides overpriced european brands.
Elon's laugh aged like milk.
Another Elon L
not rlly, again BYD only sells a lot cuz its dirt cheap, that also means they are making razor thin margins off those cars. Tesla on the other hand has the highest margins in the auto industry which is why they are so much more profitable than BYD. Also tesla was grown naturally BYD was labgrown by the chinese government not nearly as impressive when u have the state backing you.
@@STEP107 You're ignoring the fact that Tesla also benefitted from billions of dollars in subsidies and tax breaks. It's also grossly overvalued given that it's seen as a tech company than a car manufacturer just because it led the way in the rise of electric cars despite them producing much fewer stuff than say, Toyota. The fact that other firms are catching up means their margins should get tighter as the competition ramps up. Add the fact that he's also engaged in useless bs distractions like the Cybertruck and that isn't optimal.
@@I.amthatrealJuan every company have tax or billion dollar government money nothing new you not say! Why do you not say are you not like musk
It’s all well to emphasise “…subsidised by the state…”, but what country does not subsidise Tesla? My friend just bought a Tesla, tax free, so explain to me how that differs, given the value of each Tesla
Is more, so the avoided tax is huge.
Every single country subsidises their domestic car markets. Be it factory subsidies, logistics, loans etc. anyone that tells you otherwise is not being honest. It's the only way to get large scale uptake and offset massive startup costs and eliminate risk.
"Which brings us to our original question, 'in 10 years we'll be buying cars from the Chinese' - yes we probably will."
- James May, 2012
Byd cars did it nice with new year.
The burn as hell.
Looks like it wil be hard for customers for any insurance in the comming years.
Don't want to be anywhere near these BYD car when I see them on the road.
BYD Cars are completely fine from what I know, also, know half of the London Buses? Yeah, they're manafactured by BYD in partnership with companies like Alexander Dennis. If you're scared of an electric car, GOOD LUCK not being scared of an electric double decker bus, lol.
Guess what you can’t afford one
Arent worse than tesla
You better keep distance from Teslas they might have a byd battery or any other car or their own brand buses, keep away from volvo,polestar,Land Rover,jaguar,mg,maxus all Chinese owned brands😂
Maybe you should think about not driving.
Never even heard of em
That guy laughed he is not selling Jet Fighter for god sake
Dominating the ev industry if you exclude Tesla. "Dominating" is stretching the truth. They are a large player, compared to others though.
At the rate of growth they have, they will dominate in a few years ...
They’re allowed a little bit of clickbait ;) I was expecting this video to constantly bash Tesla but it was actually surprising neutral!
Most Teslas are made in China, just FYI.
@@Western_Decline it's easy to download and read the sec filings of all publicly listed companies. You are dead wrong.
@@Western_Decline Not unless there are a lot of people standing around idle - the biggiest factories are all in the USA, and the majority are made there , some are made in Europe, and quite a lot are manufactured and sold in China
Wait, i just come across news about byd explode up to 5m in the air.
Byd also intend set a factory in Mexico
BYD EVs have better dollar-for-dollar value, better designs, comparable performance with better ride quality. I've tried Model 3 and Model Y, both rides are harsh asF, and interiors are very plasticky. Most people are buying Tesla because of Elon Musk (a sort of personification of Tony Stark), and the name "Tesla"; not really because they're great EVs. Plus their "minimalist" design is really just Woke Miennial nonsense that most people aren't fans of.
Although I welcome more competition in the EV market, I will never in my life buy a Chinese car. I have driven in one for 2 years, and it was the most shit car I have ever driven in my life.
I always found american cars lacking in quality, also added with being extreme expensive at the same time.
@mam0lechinookclan607 Oh yeah, I totally agree with that also
you just need to ask your dealer to import something more expensive from China. BYD U8 can even drive on the river. no matter which Ev you buy. its battery is still from China. even it is Tesla. you have no choice to avoid China. sorry dude. just like drones. you could only choose among 'which' part of China.
Is it only me or is this clip just you narrating a recent dw documentary on the same issue.??
BYD does also make hybrid vehicles, that also helps sales! When you compare BEV only it's a different story! Lol
It beat Tesla on pure EV. To include Hybrid it sold twice of Tesla in 2023
@@bbyl1485 incorrect, for 2023 BYD was at 1.6 million while Tesla was 1.8 million
Honestly one of my biggest concerns with BYD cars is safety. Cost cutting usually doesn't go hand to hand with high security standards, and if I'm going to travel at 120 km/h on top of a litium battery I want high security standards...
They go through EU safety tests. They are 5 star cars, better than many European cars.
@@IspanUrkut Yeah I just checked out of curiosity and they seem to do pretty well in safety. If they keep it like that and EU car manufacturers don't step up they for sure will take the whole market because they are a very attractive option.
To be on the EU market they have to meet the same requirements as every other manufacturer.
And let not forget that EU car manufacturers have had their share of regulation fraud the last decade.
I really don't trust the Chinese EV manufacturers as they are unreliable.
th-cam.com/video/yOA7qKMcjcE/w-d-xo.htmlsi=h3g0NzC1r1_exfm6
BYD Blade batteries are better than most, if not all EU EVs... even Tesla uses them in Berlin made Model Y.