BYD

hobovalentine

BYD is willing to sell their cars on very slim profit margins just in order to grab market share and they won't be profitable selling this cheaply. There's a lot of questions about the future of Chinese EVs once they flood a market and demand falls like what is happening in Thailand as some Chinese EV companies are closing down due to fierce competition because everyone has to be extremely price competitive because there are so many players in the EV market.

Gustomucho

US Dealership don’t care about 49,000 BYD entering Canada… This article is ridiculous, the dealerships worry about US market, not Canadian market.

Signal_Biscotti_7048

BYD isn't free market. They're one of the most heavily subsidized manufacturers. https://electrek.co/2024/04/12/china-gave-byd-an-incredible-3-7-billion-to-win-the-ev-race/#:~:text=Jennifer%20Mossalgue%20%7C%20Apr%2012%202024,Tesla%20or%20VW's%20joint%20ventures.

Hawk13424

I’ve seen BYD vehicles. Nice looking. Nice amenities and tech. Great cost. How does Canada plan to ensure they do not have communication back to China?That they can’t be disabled from China?

StockGlobal

BYD is on track to end Tesla once and for all. Why do you think America has banned Chinese cars in the US?! They know what China will do to Tesla and other US brands, China is just next level.

bobbymcpresscot

BYD producing 2.5x the cars with only 14% higher revenue is actually just wild. After seeing the xauimi car, like yeah the reviewers aren't digging deep into what's under the hood, but the insides and all the touch surfaces seem really high quality for the price you're paying.

qchisq

Ferrari and Hyundai are have P/E just over 30. Ford, Renault, Nissan and Suzuki around 15. BYD is the highest non-Tesla manufacturer and they are at 43. Tesla is 250. Okay, but what about the tech sector. What if we valued Tesla as an AI company? Alphabet have a P/E of 32, Meta at 15, Microsoft at 28, Nvidia at 45. Like, there's no non-Musk related reason why Tesla have a market cap above 300 billion USD, but it is at 1300 billion USD

Specialist_Coffee709

Elon is a well regarded autist - the only sin he committed is by ignoring BYD. Elon could have bought into / taken over BYD and all other new EV companies. Dude is smart but not smart enough to smell the fucking coffee. Robots, yes Hyundai does them too, robotaxi - Waymo and baidu are established already. Going to Mars - I don’t care!

Debbie2801

BYD selling very well in Australia and are not banned in Europe!!

Oregongirl1018

I wish. I(an unfortunate american) have been wanting a BYD since I first saw them. I hate that were stuck with tesla.

wenchanger

This whole dynamic is easy to understand. Guy A and Guy B both in the E files, they're in the same boat right now. Remember Guy A called Guy B names but suddenly they're friends again, it was all an act. Guy A mad that BYD about to eat Teslas lunch (See trend in australia where the chinese EVs are outselling Teslas). Guy A has influence over Guy B (he's world richest man) and says this is bad, punish Canada, so Guy B goes along with it.

wenchanger

This whole dynamic is easy to understand. Trump and Elon both in the epstein files, they're in the same boat right now. Elon mad that BYD about to eat Teslas lunch (See trend in australia where the chinese EVs are outselling Teslas). Elon is Trumps handler (he's world richest man) and says this is bad, punish Canada, so Trump goes along with it.

Ok_Common_5631

I really don’t see how Tesla is better than BYD.  I can’t imagine the crash tests are better. It’s easy to see why the idiot in charge doesn’t want Chinese competition.

geoabitrage

I am going to visit Canada to buy the Kia PV5 and a BYD to bring it back to the state

ironmagnesiumzinc

If the US ever softens Chinese tariffs, Tesla is going to be in huge trouble. Tesla has razor thin margins and the price gap with BYD is huge. Elons entire house of cards would begin to fall if Tesla fell apart bc xAI is losing so much cash so quickly

td_mike

BYD and other are also building factories in Europe to get past the tariffs the EU imposed on Chinese import. Canada could do the same.

72chevnj

BYD claims to be #1 ev brand

Mobile-Bar7732

Yeah, I'm the moron. Incase you haven't noticed automation taking over manufacturering jobs. BYD has a plant that is 97% automated. How long before US manufacturing goes the same route? Sorry to crush your dreams of driving screws into an iphone.

Vordeo

This comment is hilarious given that Tesla is doing business in Canada but BYD isn't in the US because of US government policies.

Vordeo

I am not a fan of the PRC, at all, but BYD vehicles are pretty good quality. They're not kicking Tesla's ass in several markets for no reason.

Solphage

Stop, stop, I'm already buying BYD next car

Patient_Anybody4314

> Can't wait to get my BYD. Check out JETOUR... I see them all over in the middle east and I LOVE them! It's like a more reliable Land Rover Defender lol!

WilsonMagna

TSLA was half the price it is now before Orange got elected, it could just as easily get back down there if Blue team win midterms. Between BYD coming to Canada, autonomous vehicles space facing a lot of competition, including from NVDA, and most of robotics and talent in China, it just seems like a moronic risk/reward to bet on TSLA.

Thebraincellisorange

BYD is the carmaker you want to buy. the others are upstart hit and miss. they need another 5 years to mature their product. BYD have been around for ages and have a mature product which is excellent. They been in Australia for a long time and are doing very well. MG is cheap as hell and you get what you pay for. if you buy one expecting to throw it away when the warranty runs out in 7 years, that about where you should set your expectations. We don't have snow/salt here, so the jury is out on how well they will cope with salted roads.

Parenthisaurolophus

> BYD sells fully electric cars for 15k. Its ridiculous how much they cost in America. You'd see the price drop in the US real quick if the US spent the NIH's budget/the budget of Norway's entire public healthcare spending on subsidizing Americans EVs. The EV market would be closer to 35-40% cheaper if the government used your tax dollars to pay more of the cost.

PipsqueakPilot

In 2024 Ford made 185B in revenue and paid 1.33B in taxes In 2024 BYD made 108B in revenue and paid 7.35B in taxes Amusingly BYD has a claimed lower effective tax rate at 16.3% despite paying a far greater share of its revenue as taxes. Because our tax code is written to subsidize corporations. One creative way we've found to subsidize the purchase of new vehicles is by allow commercial vehicles over 6,000 lbs to be depreciated at 100%. By giving people a massive tax benefit for purchasing a new vehicle, you're subsidizing it. **Your argument relies on ignorance born of not understanding that there are ways of subsidizing an industry other than by writing a check.**

aimcr7

They start selling in Indonesia in 2024 and last year they released their cheap fully electric city car which cost around 12k in USD and it disrupts the market. All other Chinese brand start to lower their prices and release new model around the 12 to 15k like Jaecoo J5 and they sell fast. It pressures Toyota to release their hybrid family car model at around the same price otherwise chinese brands will keep eating their market share. Before chinese brands enter the market for around 12 to 15k USD you can only get ICE model with very limited features (forget android auto or carplay, some models do not even have bluetooth to connect to the infotainment system) and safety. Now, at around the same price you get ADAS, electric seat, fully featured entertainment system, 6 airbags and all the standard safety features. Currently in Indonesia, Toyota is still the market leader but BYD, Denza and other chinese brands are growing rapidly.

Harclubs

The BYD Atto 1 in Australia is about $24k before taxes, so they will still be well priced. And they cost peanuts to run.

hippest

I saw the same post and I don't believe it was a BYD

Mobile-Bar7732

Bailouts usually only occur when the company is failing. BYD has way more automation than any plant in North America. > BYD leverages high-level industrial automation, reaching up to 97% in facilities like the Xi'an plant, to produce EVs and Blade Batteries efficiently.

Miserable_Boss6482

Can’t wait for BYD dealerships in America.

peir11

Nah. ICE agents will be at the border to detain the BYD.

OrangMiskin

Good! Buy BYD. Fuck the USA!

castlewise

They sell them in Mexico. You could have done that for years. BYD is everywhere here in Mexico including sponsoring the local soccer team.

Ancient_Persimmon

The cheapest BYD is going to cost about $27k CAD, but cars from China aren't eligible for the new credit.

Green_Polar_Bear_

I’m in Portugal and BYD is about to surpass Tesla, with MG following closely. We have also seen Leapmotor, Xpeng and Dong Fent enter the market last year.

Mobile-Bar7732

The reason why BYD can make them so cheap is that they manufacturer everything in house including batteries. Also, the Chinese government gives them lots of subsidies.

VeganTurkishBaklava

Fuck Trump. Fuck Elon. I can’t wait the day I buy my BYD

Ok_Ball_788

They actually have some sweet-ass cars, not just BYD. They have an EV that goes 0-60 in about 2.2 seconds, beating Lambos and other crazy sports cars.

BiggyShake

Saw a post earlier today where a BYD car spun out, hit a fence, and the occupants almost burned to death because there were no handles to open the doors from the outside and the people inside couldn't unlock the doors.

Im_Action

The only method is to register it in Canada and "visit" the US in it, we have alot of Mexican registered vehicles in texas driving around i saw a BYD pick up truck yesterday

UnravelTheUniverse

BYD sells fully electric cars for 15k. Its ridiculous how much they cost in America. I wish America had a free market, things would be so much better. 

Lingotes

FWIW, here where I live we have a ton of brands (like, every day I go out I see a new maker/model), and BYD have been consistently rated at the top, with high praise from customers. Can't say the same for others (like MG lol).

bigorangemachine

I am looking for an EV and I'm still no 100% convinced on BYD yet. It is a nicer tesla but tesla's have all sorts of safety flaws. I'm still looking for a solid state battery to a least boost the safety 50% and extend the life of the battery itself. But if they sort out lockouts when the power is lost and they got like 1km range standard I would really have a hard time justifying not getting one.

Simlish

Love my BYD Seal :)

2ner1337

Fun fact. BYD has been in Canada for years as they make the electric trucks used at the Aiport.

anonymoooosey

Can't wait to get my BYD.

Acrobatic-Judge-1190

going all-in on BYD

Flipslips

I mean Tesla does well in China. Chinese automakers are not doing well financially, Tesla has a much stronger financial outlook compared to them. BYD for example has absurd debt and they are getting in trouble by the Chinese government because they cannot pay their suppliers. BYD barely makes anymore money per car compared to Tesla which has decent margins. There is more to the story here

UltimatePunchMachine

NIO's done. The fight to be China's no.1 EV company is over, BYD won.

SilanggubanRedditor

> Should've invested in BYD Warren Omaha Buffet

SangerGRBY

Hahaha. I do hope Elon isnt part of the Epstein scandal. I used to respect him alot. As a TSLA shareholder, you should be fuming giving up a FSD lead to Waymo, EV lead to BYD, and now pivoting to selling sex dolls. Instead of making TSLA better he decides to overpay dor twitter, startinf DOGE, fucking his entire customer base. I hope this epstein fiasco clears up, too many Indexes hold TSLA.

matsdebats

I hold S&P Global, Novo, Microsoft, Adobe, Salesforce, Xiaomi and BYD. Dm’s are open for expert adivce.

NoiceAndToitt

Ah fellow idiot. Mine are BYD (1211), NVO, RDDT, KLAR. Margin call when?

MrTigerEyes

China owns the renewable market. I've not seen any real impetus for me to invest in Chinese companies because the government heavily impacts the success or failure of each company. So while on a personal level I think it's an exciting area that is revolutionizing the world, I don't see how I can invest in it with expectations of a profit. For example BYD seems like they are an amazing car company, but maybe Xiaomi will overtake them. Perhaps I want to invest in sodium battery technology but the way China works makes it difficult to know who the "winner" will be since there will be several different companies competing against each other but all backed by the government which will prop up companies that don't have a compelling product until a few leaders pop up after it's too late to jump in. To be clear I full expect China to continue owning renewables and they will be credited with taking leadership on converting the world over to cleaner energy sources and transforming how we deal with energy in general. At the same time, I expect the US to relent at some point and the US will be flooded with Chinese EVs, batteries, solar panels, and other technology as quickly as the iPhone took over from flip phones. How to invest in this or even speculate on when the political and economic headwinds will change to make this happen is impossible to predict.

Greedy-Error-6164

Tesla auto will be FSD mainstream for all vehicles. At some point they will let other automakers use it for a subscription fee. If BYD kicks the door open in Canada, Tesla as a car company is cooked

send_et_back

The only reason tesla cars have any demand is because chinese EVs are not let into the US market. Middle East is being flooded with Chinese EVs and they prefer BYD and jetour over tesla. Europe and Canada also opening up chinese EV market. Tesla is not exactly a growing company anymore. If you check their financial statements, 2024 revenue growth was in single digit percentage, 2025 rev growth was negative. Last time tesla generated profit was q4 2023. Since then net income has been declining and is always in the negative. I wonder what would happen to musk robo factory once China floods the market with theirs. Musk is living in hype alone.

type_error

BYD, BABA... Are we going to war with... B companies?!

lasthopel

Space x is a leader because he hired the right people gave them billions and said he wanted cool rockets and they did that the main issue with space in the US is that it is a leach for goverment contracts that is why sls and the like take so long and cost so much nasa and the dod is pretty much the cow the industry feeds off Space x went a different way going straight to a reusale, it was a risk but it paid off and was a smart gamble, but elon is fairly hands off he likes to show space x off give talks give overall direction, but from what I understand lets everyone get on with it Tesla is the opposite he sees it has his first child and enjoys being more incontrol, you see it with how there goals has changed when he finds something new he likes, FSD and robo taxi, then the cybertruck now it is robots There FSD next to the rest of the industry is a joke and will away be a joke because Lidar, the cybertruck shows what happens when elon gets told yes over and over with zero pushback, robots sound cool but so did "your car can make money for you" Elon is smart at "find idea, find best people, give them money, let them create", elon as hands in force making daily decisions is a idiot, make evidence your honour, twitter, and how this man who people think is a smart tech guy didnt even understand how servers work, he actually had zero clue how servers and backend systems work, he thought you could just rip apart a data center and move it with no issues to the site. He is also a addict like fully on ketamine addict he is probably on a ton of other stuff to keep himself stable, tesla value is held up by hype and doing everything he can to stop BYD getting into the US

VenerableMirah

Robots and space data centers, meanwhile his actual existing revenue engine, Tesla, is losing against BYD.

rbraalih

BYD is why

Typical-Pollution459

Waymo is moving to Zeekr EV. To get an idea, compare Tesla to an equivalently priced Xiaomi, BYD, and many other car companies. See who gives a better bang for your buck. The cost of sensors will continue to decline. I think that answers your cost question.

MadHat0815

BYD is starting to look interesting at this price, if shorting Tesla doesn't work maybe betting on the competition does!

JoJo_Embiid

i don't think it's necessary for them to protect their car industry. first they don't have famous car brand in the first place, what do you want to protect second chinese companies like BYD are actually building factories in countries like Brazil. third cars are not food, and there are so many car brands / factories in the world there is no way china can bully them using this. they could turn to toyota any minute they want. in a globalized economy every country should focus on what they did best. Argentina is very good at producing high qulity, affordable beef, why not make more of them. Argentina beef is killing chinese farmers as well. it's cheaper to buy argentina beef in shanghai, with all this shipping distance, compared to their local beef.

FreshLiterature

If we lived in a world where Tesla was the only company doing those things you MIGHT be right. But we don't live in such a world. Chinese robots firms are building robots just as capable as Optimus. Boston Dynamics has the most capable robots around. FSD has already blown past multiple promises and the valuation kept going on. Meanwhile, multiple different companies have as good or better tech. BYD has as good or better tech and has better build quality. Elon has also thrown in the towel on cars so I'm not sure how FSD matters. As of right now the only cars Tesla is still making is the Y and the 3 - sales of both are collapsing.

rym1469

They had a great headstart, developed revolutionary chargers network and were the face of the future. Then they just stagnated, BYD Musk laughed at ten years ago in interviews crushed with their in-house production allowing to sell Tesla 3 equivalent for half the price meanwhile Tesla lost any direction and just linger there to this day, losing market every day. Sponsoring Orange Man for him to kill your carbon credits from US which amounted to like 20% of revenue and demonize your customer base was just the tip of the iceberg. FSD got them nowhere in years and they got beat to the market, so now they chose robot vaporwave - but again, they arrive late - Boston Dynamics beat them domestically while there are more Shanghai robotics companies with years of experience than number of Musk's children.

Flipslips

Chinese EV companies are not doing good either though. Tesla has much stronger financial books than most of the Chinese companies. BYD for example has like 90 billion dollars in debt that they cannot pay, and then Chinese government is stepping in to make them find the money to pay. They also barely make any money per car. Tesla has 18% margins per car which is actually very strong.

Murky_Oil_2226

Can we let BYD cars into America now?

AMCorBUST2021

Tesla and BYD sell many more cars. RIVN owns the adventure segment.. light trucks and has a good 3 row SUV. Also makes delivery trucks. Rapidly growing, stock up 20% past year. Punished on earnings because market impatient. Tesla is not a growth company in any way shape or form. It is the first trillion dollar pre-revenue company devoted to robots, robotaxi and FSD (doesn’t make anything on any of these), it also professes to no longer be a car company. In reality 80% auto and 20% energy. BYD is the largest EV company in the world and owns the affordable segment. Trump has been a huge gift to that company.. see Canadian auto tariff deal and multiply 🤡 Don’t forget Lucid.. the best tech and stable financial backing. Also rapidly growing. Best EV SUV and luxury sedan.

slickducknft

How are they compared to Tesla or BYD? Anyone know?

Confident-Court2171

Musk is going to merge SpaceX and xAI with Tesla, dilute the share base by issuing himself more shares through the mergers, and then show up demanding his trillion $ pay package because he’s hit his targets. Him stepping down (or getting hit by a proverbial “bus”) might actually be good for the company. BYD trades at a 21x forward PE, Tesla is 202x. After squandering it strong brand (tarnished), products (dying), and market presence (🤷🏻‍♂️), why ANYONE trust his leadership and shutter factories to become a robot company? If you owned Ford and they did that, you be looking for Farley’s head on a pike.

Fit_Neighborhood9251

BYD isn't. Dongfeng, Xpeng, Zeekr and Xiaomi - will.

Fit-Hold-4403

80% of revenue comes from car sales , so its a car company, overvalued car company BYD is taking over the European market there is no way Tesla is worth as much as all the other car companies combined

x2eliah

Kinda feeling like BYD is gonna absolutely destroy euro car brands in the coming decade.

pablotweek

That's Toyota, US market or globally.  They move 10x what Tesla does.  If you mean by model it's the Ford F150 in the US market.  BYD is torching them in EV sales.  They aren't dominating shit

Iron0ne

It is getting beat by BYD and everyone else so they need to move on to a new grift.

Jesse-Ray

The BYD car yard near my place in Australia is usually only 30 percent full because they're shipping so quickly.

Head-Preference-7081

So when can we get a BYD?

Chris260364

BYD have seen them off and it's only going to get worse for them from now with the cars. They better diversify or my shares are going to be getting dumped. The London taxi roll out next year seems an exciting project for them . Good luck with it Tesla ,,

Electrical_Side_9358

Robots will be commodities faster than cars and Tesla will be worthless. Optimus will be cool for about 9 months til BYD or a dozen other Chinese companies can offer the same thing for a fraction of the price.

Halbaras

BYD passed Tesla on global sales this year. So they *were* the most mainstream EV. Tesla was ultimately a luxury car company and it was inevitable that a lower-priced competitor would eventually beat them on market share.

mathiswiss

Sales of Tesla here in Switzerland 🇨🇭 are way down. Simultaneously BYD are up massively. Better cars, better prices!

OrangMiskin

Just buy BYD

99posse

Of course it's not, just after BYD whooped its a\*\*

No_University7832

Chinese BYD is a better product

SaltyPlantain1503

Side note. BYD makes better cars at 50% of the price of Teslas.

glyptometa

Add to that the effect of protectionism on the domestic economy. It reduces the need to compete domestically, because you're putting up barriers and tariffs ensure higher profitability without encouraged better features. Electric cars are the best example. You could have economic EVs right now, if trade was free. Detroit would be scrambling to build fully automated robotic factories. Access to cheap energy, iron ore, steel, aluminum, tech, and the rest, along with a large domestic market, would enable it all. People think China is about labor cost, but it's not. It's about large and highly efficient, brand new factories with well paid jobs, but not many jobs. Have a watch of a BYD factory in operation. Spot the low-paid worker, haha.

The_AFC_West

I refuse to consider $TSLA a MAG company. Show me on your balance sheet, as an actuary they have growth priced in like a 500 credit score couple.  Hyper-scaling companies do exist, I think the Peter Thiel (while hate his ethics) way of looking at 0 to 1 being much more valuable then n to 1 is the ideal investment mindset (outside of knowing an industry and picking the winner to get as close to n as possible).  But BYD won, they won, game over. They will deliver the cheapest EV and then China will also deliver some amazing luxury EVs. I’ve said when I get to a million dollars I’m gonna pay the tarrifs and get the Xiaomi SU7 ultra up in Canada. Now in a last ditch attempt to keep the company balance sheet together, they want to merge with all the unprofitable businesses Musk owns. Where he can pay out himself for shooting the valuation to the moon with stock buy backs. Look at the incentives being set up people.  They can only convince investors not to sell with the illusion of Robots and AI which is basically now after losing the EV race going to the Olympics with the most valuable companies in the world. If they won those industries then Musk is Steve Jobs 3.0, but HES NOT 

shockwagon

China literally stole Tesla tech after Tesla was allowed inside the country years ago, to be praising China for some kind of innovation when Tesla was way ahead is laughable. Tesla was allowed in China in 2012-2014, BYD then took almost a decade to start pumping out cars in bulk, with Tesla's tech.

DezurniLjomber

Nah theres just better domestic options. Like with onslaught of EVs Porsche got rekt by BYD Zeekr Geely etc. Chinese will buy Chinese products when theyre ~similar quality It’s just that theres no iphone or ios replacement

qx2

When it was the only game in town that worked, now that everyone and their nana is fighting for those credits, including BYD who is kicking his teeth in world wide, that well will soon too run dry.

AltruisticMaybe7799

“BYD is in the line for you Mr. President.”

alfred250

Don’t let shiny metal & memory sticks distract you from Gyna dumping 50,000 BYD Temu cars into Canada for a “potential” tariff reduction on sweet peas

m0nk_3y_gw

> than the next largest competitor by market cap (Toyota) Competitors are 100% EV manufacturers. Mark has valued them differently than 1% EV manufacturers for years. (Toyota is 1.9% EV by sales) Next largest US competitor is Rivian (who are valued ~30% of Ford, despite selling far less cars, and losing money on them) Next largest world competitor is BYD, but they are only 50% EV.

Happy-n-Healthy

Papa Leon's full of it, that damn BYD company really rattled his cage in a bad way. He knows it's Checkmate.

AP123123123

Who remembers Elon saying that BYD cars look ugly 😅

gizamo

China has never produced an original memory product. They've claimed that a couple times, which both quickly proved to be obvious lies. China's EVs are banned for the same reasons. Literally the entire cars are built on stolen tech, except the BYD battery. They're also banned because they rely on slave labour from China's genocide of Uyghurs in Xinjiang. Your last paragraph is still correct. The US isn't even close to as protectionist as China, and the US doesn't have the absurd restrictions that China places on foreign companies, but it's still somewhat protectionist of its auto industry because the US military relies on their auto industry.

Habulation

Company built on promises and not substance. FSD is close but not a reality.  Can a system with no redundancy (lidar), reach level 3,4,5?  The Chinese robots are ahead of the game. Hyperloop is not working out.  NVIDIA has entered the FSD arena.  Waymo is way ahead in FSD.  Elon Musk is a polarizing leader who has hurt brand image and sales.  BYD is coming to North America with more technology, better build quality.  Etc Etc.  

Street-Badger

That BYD hasn’t hired that Yi Longma guy to be their spokesperson is fucking criminal.

Flipslips

BYD has absolutely insane debt and barely make money per car. Their future is murky because of the debt. Their revenue growth is slowing significantly and they are pulling back on future CAPEX.