BYD has best sales month ever - on track to overtake Tesla in Q4
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- เผยแพร่เมื่อ 2 ต.ค. 2023
- BYD has best sales month ever - on track to overtake Tesla in Q4
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#byd #tesla #q4 #sales #evnews
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Here in Thailand Teslas were about 30% more expensive than other RHD markets like Australia. Last week BYD released the Seal here much cheaper than Tesla and BYD took 1,000 orders in a hour. I ordered one. Today Tesla cut the prices of all teslas sold here by a big chunk.
@@vincecarloYes saw that. Tesla doesn’t want to sell cars in Thailand!
The Dolphin is currently the best selling EV in Brazil, followed by the BYD D1 and the BYD Yuan Plus. When it comes to EVs, BYD by itself outsells every other carmaker in Brazil, with over 59% market share.
And this is without the Seagull, which is expected to become the best-selling EV here when it is finally released, and might even give the best selling ICE cars here a run for their money.
BYD also has the best-selling PHEV in Brazil, the BYD Song Plus, though it's far from dominating the PHEV market here, being "just" the third best-selling brand.
This data is for just August, BTW. If you take the whole year into account BYD places much lower, as it only started truly upping its game here about halfway through the year.
Seal will sure be popular in European market. Wait and see.
Depending on the markup over China prices
No way, a sedan and add the hefty price and it’s a certain DOA
Video just said 8,000 for EU for the month ordered
It isn't exceptional to Tesla but a good sale
@@vincecarloin Malaysia, the Atto 3 is almost everywhere. The dolphin also is picking up steam as it was just launched last July.
I’m super excited that BYD is in the truck market in the USA. Competition is a good thing. Also helps with exponential growth.
In addition, sales outstripped production last month, indicating that they were production constrained. Hopefully, with production of the new models ramping up, they will be able to keep up with demand. But it might be a while before BYD feels pressure to reduce prices.
Dolphin and Seal are yet to be delivered in major European markets along with Australia and New Zealand. Fourth quarter would be a blockbuster
Seal won't sell in Europe unless it's cheaper than Model 3 Highland.
not everyone wants a Tesla, I think Seal is much better looking outside and in, it will sell even if its the same price.
@@passby8070🎉
Tesla and BYD don’t have competing models yet. TESLA make 8x more per car. BYD margins are razor thin. TESLA Model 2 when delivered will be sold in the millions of units.
@@GET2222 BYD automotive gross margin has been higher than Tesla this year. "Model 2" is just conjecture at this point. And with an 18 month development cycle, BYD can pivot much faster.
Tesla need to know they need head up display and some buttons-
Amazing BYD and Amazing China.
BYD is at least two years ahead of Tesla in South America. This will make a huge difference.
it is unlikely that tesla will ever be competitive in south america. its barebone style and overpricing won't do well there.
@@qilu2004 it's producing a 20-25k car... it started from top-end and is moving down; BYD never did that
I think the market is so large both will do well. But BYD has a huge jumpstart.
@@ChrizzeeB tesla's 20-25k model is comparable to byd's 15k model. that is what i mean by overpricing.
Tesla is premium range cars so other then EU or West
Tesla will be harder to sell in numbers.
South America is for average BEV prices still expensive. Until BEV is truely compatible in price with average ICE car then
EV manufacturers can truely make large sells
Sam, great job! I learn more about Chinese BEV from you than anyone. I’d like to learn more so I hope you keep it up. Also keeping it quick and shorter is also better I think!
It comes down to ADAS so probably Tesla would be my pick but if BYD was substantially cheaper then that might be a different story.
I’m praying for you and your family. Peace Mate!
Byd seal looks better than highland
do you ever sleep, personally I would like to give you big thanks for keeping us so well informed about the EV revolution that is happening right now.
If BYD can keep the price for seagull under €25k in Europe it will be a great seller.
Your government disagrees.
BYD's vehicles are much better than Tesla and the price is lower, the only reason it has smaller sales number in west is because of high tariff.
BS
Yeah another good video Viking...good on you.
Glad you enjoyed it
Hope BYD sells their Seagull at scale outside of China.
Hope they sell it with sodium battery enmass
This will make sodium battery available worldwide
And then it will improve
Making it affordable and perhaps added into other manufacturers car
BYD may hopefully add that sodium battery safest battery yet into dolphin
Morning mate
It looks like analysts expected even higher numbers
Lot of noise on chinese social media about Seal DM-i (Hybrid), spike could related to it's release? Trying to order the EV one currently in germany, lets see how it goes..^^
That means BYD sells 2x NEVs. The PHEV are also BYD customers that need backup petrol engine. We now wait for the nest value Seagull in Australia. Safety doesn't neet to be 5 star for city car, particularly if there are less 4WD killers.
Seagull unfortunately is Not cater yet to sell into Australia
Until seagull are sold lots into Asia, South America etc.
Australia unfortunately will wait for our middle man company to negotiate with BYD then import this good little BEV here
If ever
@@james_l4337 We should import from Thailand. It costs au$18,000 there
BYD halt ! 👏👏👏
Low cost EV commute cars will quickly grab a huge percent of that market, particularly for those who can charge at home or work.
Tesla Model 3 or BYD Seal? We really don’t know enough about the Seal. If it truly is competetive I’d guess it comes down to price. It’ll need to be at a lower price point until (and if) it catches a buzz.
Tesla has a lot of margin of profit, and to lower to compete with BYD
BYD on the other hand do not, however BYD has incredible amount of competent staffs, plants ramp up, purchases
Although prodit margin is much thinner
So in short run BYD will struggle.
Nonetheless the market is very big for all major BEV manufacturers
Many people like ICE cars, cheaper, still cheap fuel so BEV is not an attraction also have to charge every day
Only when war comes 2025 will BEV helps
Tesla has only 2 models in China but BYD has half dozen or more .It must be very confusing for a buyer in China considering the number of manufacturers there are .
not really. every phone brands except apple have more than a dozen of models there. that is the way chinese consumers prefer.
Absolutely confusing too many choice 150 manufacturers
Wonder if many manufacturers has collapsing by now into may be 30 manufacturers
But overall when China people buy cars it is likely known brand like big 4 state Aion, BYD etc. Also Tesla
Also most are still buying Hybrid those not in dense tier 1 cities from comments
It seem country side towns there are no high restrictions for petrol car.
Only in Tie 1 dense cities there are driving restrictions on ICE cars, driving on alternate days, and ICE registration is extremely hard to get
unlike BEV easy and with subsidy not sure if subsidy still exist for those dense large cities.
It matters now for number of cars produced . Eventually it doesn’t
Seal for sure
BYD is the real king in BEV. Tesla is selling concept. BYD is selling real commitment.
1:27, 2:44, 3:14
BYD need to acquire better self driving tech. That's really the only negative when comparing against Tesla.
The rust resistant of BYD yet to be tested through the cold winter of europe😂
i don't give a damn about autonomy now. it is an expensive and almost useless feature. i'd rather drive the car instead of babysitting it "driving" itself.
你好你帥氣的爸爸
Sam, how reliable are the models from BYD?
as reliable as other EVs & PHEVs
The battery is probably more reliable. And with their level of vertical integration, quality should be higher than average also.
Battery lasts longer because it's LFP and BYD has the best LFP
Another BEV
Just a car, 5 star NCAP
If u like Tesla then buy one
If u wanted wait
Wait till they battle out with price cut
Also hope they improve battery
Sodium battery safer battery for mass
That will really start to change the landscape for BEV
battery tech is like led light, every year or 2 a huge jump in advancement..... what's top tech today will be replaced quicker than facelift... so imo no need to keep EV for long term, best to lease it and get a new one every few years
Tesla and BYD don’t have competing models yet. TESLA make 8x more per car. BYD margins are razor thin. TESLA Model 2 when delivered will be sold in the millions of units.
But Tesla worth 8x more on stock market. That's overvalued compared to BYD...
Tesla should be worth about the same.
Tesla makes more profit but BYD is growing faster.
6/30/2023, Tesla gross profit margin 18.19%, BYD 18.73%, according to Reuters.
@@manimalworks7424 not on their EVs. They count HYBRIDS. Don’t cherry pick. Go research the damn CEOs quotes.
If BYD can get its ADAS up to Tesla standards as well as its crash worthiness, then it will take over the world car market.
However once Tesla starts building the gen3 compact they will most likely take back a lot of market share.
Dont know why people are going on about ev's ...like they are gods gift or something!!
In the UK the society of motor manufacturers are worried because ev sales are stalling or dropping....the simple fact is when an ev can be charged in about 10 minutes so it can do 300 miles....without worrying about heating or aircon.....they might start selling....no one wants to be fighting over a charger and waiting 45 minutes to continue their journey!!!
The infrastructure is not there!!!!
Seal
You said "zero" combustion vehicles. What are hybrids? How are you, especially you, ok, with investing in half combustion vehicles??
To many choices.
Thanks to support of Toyota, partner of Byd.
😂It’s the other way around. Toyota literally rebadged BYD EV tech.
@@scottw4208 no it not, toyota and byd have established joint companies gor their bevs and trucks, all back in 2020. Toyota also advised, before that, on how to set up factories, production methods etc etc. Byd shared with Toyota their blade battery technology.... .
Toyota imports Byd Bev's in the Benelux, Netherlands and Belgium..... .
But WHY are the shares still falling?
Maybe because their quality is trash and lots of bad news from china showing their cars being shit. But who really knows
Because no one is really buying them apart from China. Selling 2 cars instead of 1 is a 100% gain 😂😂
I don't think they can catch tesla on sales once ct and model 2 arrive. But don't forget they are different class until the model 2 comes out.
Tesla is a premium range car
Model 2 if ever build within 2 years will be more expensive then dolphin or other cars
Unless the premium price is removed
Even model Y supposedly for mass still is premium price although it received number of price cut
Atto 3 is compact SUV still expensive too abet more affordable
BEV is too early at present so it will take awhile for all these manufacturers to be able to lower cost & price
Takes another 7 yrs if there's any time
Until Geopolitics blows up 2025...
Unfortunately everything will turn south
If BYD takes the lead it wont be for long once GigaMexico starts up. Sam, would you discuss whether the adoption of EVs has impacted gasoline and/or diesel production yet or when that may happen? Thank you.
You know BYD has the world market in front of them? And Tesla is already everywhere.
Tesla will never catch up again.
Gigamexico? Do you realize cybertruck, Roadster are not here yet? The Chinese are ultra quick in launching models and entering markets. Remember Denza as another brand BYD group will bank on to stay No1 worldwide
@@protagonist9716 Yeah thats true, add those in with the new giga plant and Tesla will be way out in front.
Obviously, the average car price of Tesla is 45k, BYD is less than 30K so obvious BYD has a much bigger of pool of market that they can adress. Now, profit for car ? Well that is a completely different story. Samsung sells more phones than Apple, but who makes money? Apple ofcourse.
Crying Tesla fanboy😂
Before that your arguments were "but Tesla sells more pure EVs" now thats not true anymore now your argument is Tesla makes more profit.
What's with Tesla fanboy argument number 1: Economy of scale? 😂
@@Fireblade-df2wj Not at all, kudos for BYD, I will never pay more than 25k for an EV as much I think that Tesla is a better car, and exactly because of this that BYD in the end will sell more cars.
@@pbrigham no, just look at Yangwang. BYD has the better tech
If car journalist call the M3 Highland best EV in the world, why would I buy anything else!
It seems that BYD doesn't have one knock out model. It is almost like they are churning out new car models for the novelty of them or just throwing things against the wall to see which ones stick.
This tells me that they really are missing an overall design philosophy. If I had to guess, I would bet that they have multiple design teams for the cars look and interior. This would explain why such a different look and feel between its models.
chinese consumers like new looks. that is the reason tesla has plateaued there.
@@qilu2004 Makes sense. I don't think other countries are seeking new looks each time. They are more accustomed to brands that have a common stylistic theme. For example, BMW buyers expect a new BMW to have many of the same stylistic queues that indicate that it is a BMW even before you see the maker's badge.
@@nickmcconnell1291 just because they have 10 models it doesn't mean they don't share some style elements. you are just not familiar with the brand.
@@qilu2004 Very likely you are right. I have only seen the exterior of several of their vehicles. Those seem to vary a lot when compared to brands that I am familiar with like Ford or GM or Honda. However the interiors I am not as familiar with and I will defer to your statement that there are similar styling cues.
BTW I am not saying that BYD cars are ugly. I think they look great. I am just not sure that I could automatically recognize a car made by them as a BYD based on their styling. That may be a very good thing for the brand however given the Chinese liking for newness.
The delusion is real! Unsubbing Schill.
Please take away hybrid , you know very well about this , don’t you
But the question is will these cars last
It is said that they will last for 1,000 years . . .
Why not. They have been making evs since 2008.
becos they are from china? racist
Not only do they last way longer than ICEs...they also need way less maintenance.
ICEs are fuXked.
How long do you drive your car before changing?
No contest. M3 over a dumb seal. Have you seen it? Build quality blows. Buttons look dated and no connectivity to YT AND NETFLIX.
are u blind? seal to m3 is like mercedes to kia. m3 sucks.
Hmmm... selective use of statistics. While BYD is currently "doing well" (sales-wise), the company is not very profitable. Also, BYD is not really a serious competitor to Tesla - they serve different market sectors. BYD will enjoy its "moment in the sun", but their big challenge will be the increasing influence of software and computerisation in the transport and automotive sectors. Right now, BYD makes fairly good cars - but that's all they are. The future (almost upon us) is about computerised robotic transport, and in this arena BYD is a non-starter.
BYD automotive gross profit has beaten Tesla so far this year.
Stop gulping down the anti China anti EV fake news and open your mind!
Your claim that BYD is not very profitable is out of date. In Q1 2023 BYD's gross profit margin on car sales was almost as high as Tesla's, and in Q2, BYD's profit margin was higher than Tesla's. BYD has a frustrating habit of releasing its quarterly financial results about 2 months after the end of the quarter, so we will have to wait until early December to see how profitable BYD has been in Q3.
Where have you been to ?😂😂😂😂
@@harmony3138 Sounds like you had a very troubled childhood. There are professionals who can help you though.
Jai Hinduja. Our Indian EVs can overtake at the curve following the example of Vinfast in NYSE
Why don't you go searching for where VF's suppliers are from?
BYD is Samsung. Bolting together a lower priced product with some vertical integration (battery) giving it a leg up over the rest of the assembler proletariat.
Car pure play, no AI capability to speak of and no global footprint. Hard NO on buy or invest for me
I agree that BYD appears to lack some of Tesla's competitive advantages, such as autonomous driving technology, a supercharging network and robotics. However, you are underestimating BYD's strengths. If you do an internet search for "BYD" plus the words "innovation" and/or "vertical integration", you might be surprised to discover just how accomplished the company is. As for its unimpressive footprint outside of China... BYD became the 10th largest car maker in the world by June 2023, and its August sales make it (perhaps temporarily) the 4th largest. This sudden rise is due to BYD's car sales growing about 100% (sometimes more) annually for the past few years: yes, it is growing its sales (both BEV and PHEV) more than twice as fast as Tesla.
My guess is that a lot of people outside China are reluctant to buy a BYD car because they have never heard of the brand and, being Chinese, people might assume BYD cars are of poor quality. But if they hear, "Actually, BYD is a leader in electric busses in many countries, is the 4th largest car company in the world, and is likely to be the largest BEV maker (overtaking Tesla) within the next year", then many people will suddenly stop dismissing BYD out of hand. That is how I think BYD will start to become a well-known (and acceptable) brand name to westerners. My guess/hope is that Tesla is a better long-term investment than BYD, but BYD is far from being a poor investment.
Agreed. Keep BURN YOUR DREAMS out of US
Lmfao telling us u dunno shit without telling us u dunno shit🤣
I don't care who leads in BEV manufacturing and sales. I only care about BEVs completely removing that ICE trash...and about Robotaxis removing the overall amount of cars.
I agree but I want to have a smart car ( or access to a Robotaxi that by definition is smart ) and if my car is smart, I would worry if it was Chinese. I think the overall leader will be Tesla due to the Supercharger network, FSD, Dojo, and being the only one with a proper centralised car operating system. If anyone started doing a proper FSD like Tesla today, they would first have to build a big fleet of cars capable of collecting video for training, they would have to build the most powerful computer in the world, they would have to attract all the best AI talent etc etc, even if someone started doing that, it would take them 10 year to get to the point where Tesla is today.
The only two big companies I trust are Apple and Tesla. Apple has already proven that they don't have access to the users's data ( by not being able to access a terrorists iPhone data even if they wanted ) and that they will never allow a government to have access to it ( by deciding they would rather remove FaceTime and Messages from the UK if the government insists in having a backdoor key to access data ).
Tesla has proven to me by many of their actions and decisions that I can trust them, also their business model is not based on monetising customers data like Facebook and Google.
China is the very opposite, even when you buy Chinese shares in a company like BYD they're not really BYD shared but shares in a separate company that doesn't have to disclose all the companies data and doesn't follow wall street rules like auditing every 3 years etc.
Considering China is behaving like an Imperialistic country that can potentially trigger a war with the West, I would worry. Luckily their cars are not smart yet, they don't collect video data or have FSD yet but they'll either start doing that or have no chance of competing with Tesla. Imagine a country like China being able to control many of the vehicles the enemy is using turning each one into a weapon.
@@johnsmith-cw3wo
Interesting opinion. I wonder if you have been following Tesla's Dojo which is well on the way to becoming the most powerful supercomputer in the world and is dedicated to real world AI.
I wonder if you're aware of FSD v12 which is a game changer, it's the very first time a car was able to drive autonomously after being trained purely on video without any line of code being written for the task, very similar to how a human baby learns. Now, the only thing that matters, is video data, lots of it, millions. You don't need more programmers, you don't need more AI advances etc, it's been solved, all you need is dedicated computer power and lots and lots of video, the kind of amount that only a company with millions of cars collecting video data from several cameras has access to.
I also wonder if you're aware that the Tesla supercomputer has been developed specifically for real world AI training while Nvidia is much more generic, this makes a big difference in performance and power consumption which for a supercomputer become the most important measures etc.
I like to follow facts, being a fanboy or not is irrelevant, Elon or no Elon, it is what it is. If another company appears with better technology, I'd quickly switch my hopes to that company.
I follow this subject closely, I enjoy conversations based on facts with people with different opinions like yours, if I am wrong I want to find out.
The Jevons Paradox says that when something becomes increasingly efficient/easy/cheap, demand for it increases. This suggests that as EVs become cheaper than ICE vehicles and fully autonomous driving capabilities become widespread, demand for EVs might actually increase. I'm not saying that is the most likely outcome; merely that that is what the Jevons Paradox predicts. As such, Tony Seba (and his many fans who repeat his message) has a gaping hole in his thesis that robotaxis will reduce the number of cars, because his books and video lectures ignore the Jevons Paradox entirely.
@@CiaranMcHale
I see your point but not quite. The reason for decreasing demand is that when you buy a car it spends 95% of the time parked so you're paying for 20 times the use you actually get. If you paid for the 5% only, it would be much more affordable. The only reason to have a car parked outside your home is to have immediate access to one, if you were able to call a Robotaxi that would arrive within a couple of minutes and would be really cheap to use due to having no driver ( and if it's an EV, incredibly cheap running cost, like 1/6 of an ICE car ), you'd probably prefer not to own a car. Also Tesla has talked of an App where anyone that owns a Tesla would be able to make it available for others to use, either from a list of contacts you provide or anyone else. During those times if someone summoned your car, it would leave by itself, take the other person somewhere and return to park outside your home, all by itself. This way many people could conveniently share the same cars. This isn't about EV or not EV, this is about level 5 autonomy. This is unlikely to happen with ICE cars because they're not smart enough and probably will never be.
@@synthmaker The world is filled with examples of people paying extra money to obtain convenience. Here are three examples to do with food. First, lots of people choose to pay for the convenience of having pre-cooked food (e.g., pizza or Indian/Chinese meals) delivered to their home rather than cook at home, even though the home-delivered food is, say, 5 or 10 times more expensive than cooking at home. Second, my experience suggests that the majority of people who work in an office environment buy lunch each day rather than bringing a packed lunch from home, despite the significant cost savings of bringing a packed lunch. Third, lots of people buy a Starbucks coffee while commuting each day rather than wait until they get to the office and make coffee significantly cheaper.
So, (warning: I'm going to use some made-up numbers) imagine a future where a person can own and operate their own autonomous vehicle for, say, $600 per month or use robotaxis for $200 per month. Many people will choose the cheaper option, just like many people choose to cook at home. But there will also be many people who are willing to pay extra for the convenience of having their own private and immediately-available car rather than wait a few minutes for a robotaxi to arrive.
As for a person using their car only 5% of the time and the rest of the time it is parked... Yes, I understand that logic. But the idea that countless people will use their own car to commute to/from work and make lots of money by releasing their car into a robotaxi fleet for the rest of the time might be overly optimistic, because demand for transport will be greatest during rush-hour when everyone is commuting to/from work, and will decline significantly during most of the rest of the day. Again, using made-up numbers, let's assume a city can be well-served (during non rush-hours) by a fleet of 1000 taxis, but there are 10,000 people who use their privately own cars to commute during rush hour and then release their cars into a robotaxi fleet the rest of the time. Since there are 10 times as many robotaxis as are needed, each robotaxi will get relatively few customers and hence will make relatively little money for its owner. If it does make a lot of of money for its owner, then within a year you will see 20,000 or 50,000 people releasing their cars into the robotaxi fleet in the hope of making lots of money, and per-car profits will decrease to a mediocre level.