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China’s BYD closer to taking Tesla's electric car top spot

Chinese company BYD has moved a step closer to toppling Elon Musk’s Tesla as the world’s biggest-selling manufacturer of electric vehicles.

The firm said on Monday it had sold a record 526,000 battery-only vehicles in the last three months of 2023.

…

For the year as a whole, Shenzen-based BYD said it had sold more than 3 million so-called-new energy vehicles (NEVs), which includes battery-only vehicles and hybrids.

Almost 1.6 million of its total sales were battery-only vehicles, the firm said.

Industry analysts have forecast that Tesla sold around 483,000 electric vehicles in the last three months of 2023 and 1.82 million for the year as a whole.

vanontom ,
@vanontom@lemmy.world avatar

I didn’t realize China had already copied Tesla’s product. Absolute lol at M*** for heavily manufacturing there (not just parts, but everything). Copy, paste, rename… BYD.

TowardsTheFuture ,

Funny because BYD started in 2003 and put out its first car in 2008 same as Tesla.

JohnDClay ,

You still can’t buy byd cars outside China can you? Or do they export to some places?

negativenull ,
@negativenull@startrek.website avatar

They were advertising in the Mexico City Airport yesterday when I was there.

MicroWave OP , (edited )
@MicroWave@lemmy.world avatar

You can buy BYD cars outside of China. For example:

The company says it plans to launch three new models in Europe within the coming year in addition to the five models it is already selling that include sedans, hatchbacks and SUVs. BYD has 230 outlets in 19 European countries, it says.

apnews.com/…/china-byd-hungary-autos-evs-72587976…

No BYD cars in the US (yet), except trucks and buses:

BYD has been making electric buses in the United States for years and supplies cities such as Los Angeles and Long Beach from a factory in Lancaster, California, built a decade ago.

reuters.com/…/chinas-byd-takes-cautious-approach-…

Squizzy ,

Hoping for an estate model

killeronthecorner ,
@killeronthecorner@lemmy.world avatar

They’re advertising on TV in the UK, so guessing they’re at least at preorder stage.

bstix ,

They’ve been available in several European countries since the end of 2022 or so.

RecallMadness ,

They’re everywhere in New Zealand.

autotldr Bot ,

This is the best summary I could come up with:

Chinese company BYD has moved a step closer to toppling Elon Musk’s Tesla as the world’s biggest-selling manufacturer of electric vehicles.

US-based Tesla is scheduled to release its latest quarterly vehicle production and delivery figures before Wall Street opens on Tuesday.

Industry analysts have forecast that Tesla sold around 483,000 electric vehicles in the last three months of 2023 and 1.82 million for the year as a whole.

Last January, Mr Musk said that Tesla had the potential to achieve 2 million deliveries in 2023 but had since warned that higher borrowing costs were putting pressure on demand for his company’s cars.

The company made a name for itself as a manufacturer of rechargeable batteries - used in smartphones, laptops and other electronics - that competed with pricier Japanese imports.

It started selling its shares on the stock market in 2002 and diversified by purchasing a struggling state-owned car manufacturer, Qinchuan Automobile Company.

The original article contains 296 words, the summary contains 153 words. Saved 48%. I’m a bot and I’m open source!

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