BYD surpassed the American giant as the world's number one seller of battery electric cars in the last quarter of 2023. But due to a sharp drop in sales by the Chinese company in the first quarter of 2024, Tesla reclaimed the number one spot despite also posting poor sales during that period.Despite selling more EVs than Tesla, BYD's market cap is below $80 billion, while Tesla is valued at around $700 billion.Instead of relying on other companies for parts, BYD managed to crack the code of producing EVs cheaply in part by making most of its own components. The company is able to offer a wide range of affordable EVs at low prices, maximizing sales (if not revenue) while expanding its footprint in new markets.
Why is BYD special : BYD is a pioneer in providing a zero-emission energy ecosystem from power generation to storage, and usage. Since 2008, BYD's solar power and energy storage products have been exported to six continents, more than 20 countries, and more than 90 cities.
What makes BYD special
BYD has continued to transform the global New Energy vehicle industry with its pioneering and advanced technology, intelligent performance, innovative design and commitment to sustainability. BYD New Energy vehicles has market presence in over 400 cities, located in over 70 countries and across 6 continents worldwide.
What did Elon Musk say about BYD : car I don't think it's particularly attractive.
Synopsis. China's BYD, a leading electric car manufacturer globally, aims to solidify its position in India's luxury electric vehicle segment, focusing on cars priced above Rs 30 lakh.
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Antwort Why BYD is better than Tesla? Weitere Antworten – Which is better BYD or Tesla
BYD surpassed the American giant as the world's number one seller of battery electric cars in the last quarter of 2023. But due to a sharp drop in sales by the Chinese company in the first quarter of 2024, Tesla reclaimed the number one spot despite also posting poor sales during that period.Despite selling more EVs than Tesla, BYD's market cap is below $80 billion, while Tesla is valued at around $700 billion.Instead of relying on other companies for parts, BYD managed to crack the code of producing EVs cheaply in part by making most of its own components. The company is able to offer a wide range of affordable EVs at low prices, maximizing sales (if not revenue) while expanding its footprint in new markets.
Why is BYD special : BYD is a pioneer in providing a zero-emission energy ecosystem from power generation to storage, and usage. Since 2008, BYD's solar power and energy storage products have been exported to six continents, more than 20 countries, and more than 90 cities.
What makes BYD special
BYD has continued to transform the global New Energy vehicle industry with its pioneering and advanced technology, intelligent performance, innovative design and commitment to sustainability. BYD New Energy vehicles has market presence in over 400 cities, located in over 70 countries and across 6 continents worldwide.
What did Elon Musk say about BYD : car I don't think it's particularly attractive.
Synopsis. China's BYD, a leading electric car manufacturer globally, aims to solidify its position in India's luxury electric vehicle segment, focusing on cars priced above Rs 30 lakh.