According to the " Wall Street Journal ", as competition among the world's top new energy vehicle manufacturers intensifies, the delivery volume of Tesla and BYD in China both broke their respective monthly records.
Data released by the China Passenger Car Association on October 9 showed that Tesla, the world's largest electric car manufacturer, delivered more than 83,000 Model 3 and Model Ys from its recently upgraded Shanghai factory in September. The U.S. electric car maker led by Elon Musk has been ahead of BYD before China's production was interrupted by the coronavirus pandemic.
htmlIn September, BYD delivered nearly 95,000 electric vehicles, setting a record high. BYD's total sales volume, including hybrid vehicles, was 201,000 units in September, also setting a record. After BYD stopped producing traditional fuel vehicles this year and instead focused on new energy vehicles fully, competition among the world's leading new energy vehicles has intensified. BYD's main investors include Buffett , which is also a billionaire as Musk.
BYD dominated the domestic market this year and is not affected by supply chain disruptions, shortages of chip and battery raw materials, which are plaguing other manufacturers such as Tesla. In 2022, BYD's monthly sales of electric vehicles and plug-in hybrid vehicles increased by more than three times year-on-year. Behind the growth of
is that BYD has the ability to produce batteries and many parts used by vehicles on its own, ensuring the stability of its supply chain. Meanwhile, Tesla's status was also affected after a production pause due to the lockdown of the new crown epidemic in Shanghai earlier this year.
Tesla said last week that it delivered 343,830 electric vehicles worldwide during the quarter ended September 30. According to data from China Automobile Manufacturers Association , cars produced in Shanghai accounted for about 54% of its global delivery in the third quarter, up from 44% in the second quarter.
"Financial Times " said that BYD has announced plans to enter the European automobile market and has begun active global expansion. Two weeks ago, BYD announced the pre-sale prices of a series of pure electric vehicles in Europe. Its expansion in Europe will start with Germany and Sweden , and will also enter France and the UK within this year.
"They want to compete with big companies," said Tu Le, managing director of Sino Auto Insights, a Beijing-based automotive industry consulting firm. He expects that the models launched by BYD will compete with those of BMW iX3 and Tesla.
analysts predict that with the rise in sales of electric vehicles, Chinese car brands will be widely popular in Europe, just like the Korean brands Hyundai and Kia entered Europe back then. Chinese new energy vehicle manufacturers that hope to enter Europe, like BYD, also include NIO , Xiaopeng Motors and Aiways . According to Reuters , BYD launched its first passenger car in India on October 11, an electric sport utility vehicle (SUV), marking the company's entry into the mainstream market in further global expansion.
The Financial Times pointed out that BYD began preparing for entering the European market five years ago and hired designers to improve the appearance of its cars. "They have really made great progress in making their cars more attractive than they did in the past," said Michael Dunne, CEO of automotive consulting firm ZoZo Go. "The driving force behind this huge growth is the vehicles with a huge improvement in design and engineering quality." In the first half of 2022, BYD's revenue soared nearly 70% to RMB 150.61 billion.
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