The fact that the headline says "Chinese Carmaker" and not "BYD" says a lot about their international market share.
this post was submitted on 27 Dec 2023
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To be honest, I think it more tells you the article was written by an American for an American audience.
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Also says a lot that despite that they still make more. Having more global sales in effectively one country is more impressive if anything.
Eh, it's diminished when that one country holds nearly 17% of earth's entire population, or nearly as much as the next 6 countries by population combined.
When you have that much market, nearly anything you do will break population-based records.
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The headline also says overtakes, while it says "poised to be" in the text.
It says a lot about that "journalist" knowledge of the topic
To be fair they are just now entering the US market
Huge in Europe and Australia for sure
oh look, someone doing ev that can actually make vehicles, and theyve eclipsed tesla... no wayy..
no one could have predicted this except, ya know, everyone.
And yet so many people are stuck in the pyramid scheme that is Tesla's stock.
And those who have ETFs or index funds that track the S&P 500 also have Tesla stock as a hot trash albatross to deal with.
You leave the majestic albatross out of this.
Man, Tesla is known for their very poor quality these days as well.
I recall 6-7 years ago I had a family member complain about their tesla breaking down. Today, we know this is pretty standard for all of them. We've also all seen how trashy the build quality is outside the electronics as well.
So... Even if these are trashy quality, are they really much worse than Tesla? I look forward to hearing more. I hope this shames Western companies into catching up, the fucking idiots.
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I don't wanna be that guy, but BYD are not only garbage tofu cars, they are also HEAVILY subsidized by the CCP in an effort to dump on the competition.
You can be that guy all you want, those garbage tofu cars are still dominating the market.
I know they are dominating the market. But I'm explaining why they are. It's NOT because they make superior cars Each car is sold at a loss with the funding/backing of the China government with the sole purpose to dump(kill domestic competition).
Amazon prime sorta did this on a micro scale. Dump their pricing to kill Barnes and Noble and after they go out of business, they open and replace them with their own stores. But instead of Amazon funding the dump, it's the god damn CCP and our entire auto industry.
Dominating which market though? China is heavily subsidizing these cars like they do with a lot of new tech when they want to undercut non-Chinese companies. I guarantee if any other manufacturer had similar subsidies, the situation would be different.
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I am shocked that a Chinese company with access to materials is selling heavily subsided EVs. Shocked! Meanwhile in the US, nobody can make them in quantity and when they do Americans don't want them. Shocked!
None of you would purchase this car to any Toyota quality wise as well. These things are sub Mitsubishi quality.
But it wouldn't hurt if US could massively subsidize it's own cheap EV options
Predicted for this quarter. Musk has been scoffing the idea, whilst watching them catch him and simultaneously shooting himself in the foot with his own plans.
Meh, the US will slap enough tariffs on these things to make their own Autoindustry competitive again.
So will the EU.
But china has a gigantic middle-class that can afford these things, so I hope they all switch to EV en masse.. it's a win for the planet!
Tariff slapping had been tried by Trump. Very poor outcomes. There will be a more moderated approach, but we will need to see how that pans out
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And still their shares are just a fraction of Tesla's share price.
Company is beholden to the Chinese government, apparently that is worse than beholden to a manchid and a group of ultrarich shareholders.
Rather ironically, BYD is probably closer to the "value investing" (realistic) value than most hyper-inflated western stocks, which completely decoupled from reality a long time ago...
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Where can I get one?
BYD is available in most of the world, the story linked beneath is about a newer model ATTO, but Dolphin is probably even more popular:
https://cleantechnica.com/2023/11/27/byd-atto-3-now-available-in-50-countries-neta-auto-enters-central-south-america/
This is an overview of their global presence:
https://en.wikipedia.org/wiki/BYD_Auto#Global_expansion
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