The Tesla Competitor Dominating China’s EV Market | WSJ U.S. vs. China
Elon Musk's Tesla is facing pressure in China from the country’s top electric-vehicle company BYD, backed by Warren Buffett.
WSJ unpacks the business and manufacturing strategy of BYD and Tesla to uncover what the competition in China reveals about the race to own the global EV space.
Photo Illustration: Mike Cheslik
0:00 China-based BYD has closed in on Tesla’s share of the Chinese EV market
0:47 Tesla vs. BYD’s business strategies
2:58 Tesla vs. BYD’s battery tech
5:22 Tesla vs. BYD’s EV manufacturing capabilities
6:51 What this means for the future of the global EV market
U.S. vs. China
This original video series explores the rivalry between the two superpowers’ competing efforts to develop the technologies that are reshaping our world.
#Tesla #ElonMusk #WSJ
The reason BYD is not in the US yet is not because the lack of infracture. BYD is reluctant because its success in the US may end up getting the "Huawei" treatment and being sanctioned to oblivion due to "national security" concern.
No if BYD was being sold in the US it would be much more expensive since the reason it’s so cheap in China is from subsidiaries that don’t apply to foreign made vehicles. The US doesn’t have these subsidies and the US also have different regulations that would need to be met on a state by state basis which is more complex then producing vehicles in China
Very true.
@@dennisp8520 1. You obviously don't know much about China. China is one of the biggest profit center for VW, for example, and Tesla is making insane amount of profit in China as well. 2. Keyword: Inflation Reduction Act. If you don't call it "subsidies," you obviously have a different definition of subsidies than anyone else. 3. the US has different regulations on vehicle emissions in different states. But everything else is practically the same. And here is the kicker: battery-powered electric cars don't have emission... shocking, isn't it?
@@dennisp8520 Lol no. BYD still sells cheaper in countries that aren't China and US.
Or maybe the CEO of BYD has a daughter.
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Just got delivery of my BYD Atto 3 here in the Netherlands 🇳🇱 and I am just loving it every moment.
How much did it cost?
@@dengist8172 €45000 Design version.
@@Batman.3.8 It belongs Dynasty series, for Tang, Han, Qin, Song are also well sold here even with higher price. and Sea series like Seal, Dolphin same popular,
@@jaysonwhite8494 Nah nah nah, Atto 3 is Yuan plus
For a car reliability i’m reluctant to trust anything that is not German made
I have a BYD in Germany, I am really happy with what I got, a reliable good car with a great price!
Ignore the safety and driving quality please.
BYD sold 48 ATTO 3's in Germany this year so far. You haven't had it very long.
@@Notme-tq4xs Are you paid to defame BYD?
@@Notme-tq4xs Wow who said Tesla is safer?
@@Notme-tq4xs Tesla has worse "driving quality" and fools its fanboys into sleeping behind their almost self driving cars wheel.
BYD is doing electric buses in my hometown, Campinas, Brazil (1.2 Million people). Most of then for the public transit system. Great having tem here
Caramba, sou BR (do rj) e não tinha ideia de que isso tava rolando. Legal saber
no sabia que brasil estaba tan alante en eso. poco a poco toda america progresa :)
@OsamaBinLadensSecondGirlfriend 😂a person says a fact, “oh we have their buses here and it’s great”. You: “bad, evil talking point”. It’s pathetic on so many level. Which talking point is it? I’m not aware of a China “2049” plan that says more electric buses in Brazil. Please enlighten the folks around here
@OsamaBinLadensSecondGirlfriend 😂😂😂😂sour grape
Lies again? Smart Bundesliga
BYD's Yangwang U8 is on whole another level. It's way more expensive than the most expensive Tesla model. Yangwang U8 is basically a tank. it has 1100hp. it can make a u-turn on its own. it can drive in water.
China is clearly dominated by BYD, the world's largest plug-in electric car manufacturer (and the second largest all-electric car manufacturer - only behind Tesla). BYD is the best-selling EV brand in China in Q1 2023, followed by Tesla. 1:11 [Electrikez; InsideEVs]
BYD uses the blade battery technology not because it is cheap, but because it is safer.
this
exactly, Looks like WSJ is hiding truth from the general public.
😂玩命帮byd宣传 刀片安全个p
@@richhomiequan3997 比特斯拉的安全
@@davebruner6231 特斯拉也有自燃 那是初期 现在已经过了那个阶段了 比亚迪发展比特斯拉晚 现在经历自燃阶段很正常 今天不又着一辆byd 白冰还非说是特斯拉 太恶心了 这就是恶意竞争 劣币驱除良币
in my home country Kenya, BYD is already making inroads in the public transit system. They have more than doubled their sales in the last two years while developing charging infrastructure....with talks of setting up mass transit In the capital, I think BYD will be the best positioned entity to win supply contracts in east Africa's economic hub
Yes BYD = Chinese government will own your Country as they are doing all worldwide, CHINA has so much money that is trying to BUY the world, I have to admit that is better than a nuclear war... but many third world countries are in deep trouble letting China invest in their land... You will see what happens in 100 years, your family will no longer speak Swahili will speak MANDARIN!
I wonder if EVs make any sense in underdeveloped countries.
@@tooltalk developing countries major problem on EVs is the electric infrastructure. Most of them lack of electric generator and transmission line. but here's solutions! China is also the largest electric device and green energy device manufacturer. Time will show all these tech send to developing countries like Kenya, and world became flat.
@@tooltalk China is also an underdeveloped country, lol
@@lucisleesion8824 : it's a developing country.
Don't worry. We can just ban or sanction any company if they are too successful.
@@osamabinladenssecondgirlfr4241 自由的美国，自由的制裁🤣
@OsamaBinLadensSecondGirlfriend an account with fake name and profile picture, leaving bunch of trolling replies and you expect people to treat you seriously 🤣🤡
@OsamaBinLadensSecondGirlfriend your kind are the reason why we need censorship on the internet, some people just cannot be accepted into normal society.
So that's the reason behind China banning Google, Facebook, Whatsapp, Signal, Instagram and 10000s of other apps.
its happens no more 😂
I bought a BYD hybrid plugin SUV two months ago,it's awesome to drive. The gasoline is for charging the battery by the engine,not directly drive the car. 5L gasoline for 100km.It's smooth,luxurious with entertainment equipment.
And in about a few weeks the problems will start popping up here and there, your car will spend more and more time in the shop until you realize that it is just another piece of Chinese junk and sell it at a huge loss.
Have you driven a Tesla model Y to compare ? Do you care about crash safety?
@@Shercko God bless your heart for so much hatred 🙏
@@Gilvids lool it's not hatred, it's just unbiased reason.
@@Shercko probably not hatred, but definately biased stereotype ! BYD plugin actually is quite reliable nowadays.
“Made in China” no longer means “copycat” and “bad quality”. The times have changed. We need to stay up to date and not hang on to our prejudices.
@@osamabinladenssecondgirlfr4241 nothing. Go to China and see for yourself. Millions of tourists around the world have travelled to China and went back home with zero fuss.
@OsamaBinLadensSecondGirlfriend Wonder how much you get paid for this comments.
@@Qwuiet not when they travel abroad. the government had to put a no public defecation sign written in Chinese and English (largest tourism markets are Korea, Japan, Taiwan, and then China)
😂😂😂😂😂😂
@@lauravarona6717 love your jealousy
Remember Tesla reducing its prices about a month ago? This is most likely due to the competition pressure from brands like byd This is a necessity for us because it curbs the ability for these companies to keep raising prices unchecked Hope the American EV market keeps getting more competitive
So far we've got Lucid, Rivian, Aurora and others led by the "Tesla mafia" (or rather, the ex-Tesla mafia). The major players such as GM and Ford are now introducing their own electric models. If you willing to buy an electric car that looks almost nothing like a conventional one, there's Aspera Motors as well. Hopefully these together with Tesla will become a real market in the future.
@@jeffbenton6183 ALL brands you mentioned have absolutely no comparisons against either Tesla or BYD
@@jeffbenton6183 Only Tesla and BYD have core technology in EV developments. Tesla has software advantages and BYD has hardware plus blade battery.
@@lucisleesion8824 Well I didn't say they were competitive now, I said they're working on it. They certainly don't have much market share at the moment. Can you be more specific on how their core technology is lacking? They produce EVs with hundreds of miles of range, just like Tesla and BYD - they seem to have at least mastered the basics. I don't know much about how their software stacks up against Tesla, but I'll look into it. Also, just a grammar nitpick: "hardware *and* blade battery is technically inaccurate, since batteries are a type of hardware.
@@jeffbenton6183 the reason why the range of their car are on par with BYD and Tesla is because they could buy it from CATL and BYD. CATL and BYD are known for building cutting edge battery pack. CATL business model is exactly like TSMC, making advance battery pack then sell it to other car company for them to install it into their vehicle
No wonder Charlie Munger said BYD was his best investment
@Financial Shinanigan Chariie Munger would have made more money investing in Tesla than BYD. Don't get me wrong BYD is a good company and I hold some, but it isn't as profitable as Tesla, in fact it is a long ways off. Just look at the financials.
Charlie Munger is a senile old fool and his trying to talk up BYD as superior to Tesla is just a form of pump and dump!!! He's hoping foolish people will believe him and buy all the BYD shares Berkshire Hathaway is trying to unload - they've gone from owning 21% of BYD down to just under 12% now, lofl, if it's such a great stock why are they shedding it ;?D
@@tonespeaksBYD is already profitable, yes their profit margin is lower compare to tesla but keep in mind that they aim at different market and they expanding pretty quickly across the world
Munger and Buffet paid $1 per share for BYD
@@user-gc1hg9sp9k Sorry I was talking about the BEVs... I do know the company is profitable. BYD is a good company, I feel they will be the #1 BEV automaker, but Tesla will be the biggest company in terms of revenue and profit. BYD doesn't sell BEVs in US, #2 Auto Market, It is a good company, but better than Tesla is just a joke.
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BYD is selling in Europe now, here in Netherlands and Norway there are quite a few chinese cars on the roads now
î thought about getting one in germany.. but not still here sadly and the prices are WAY higher than in the mainland sadly
@@semiramisubw4864 Germany has tariffs. It's inevitable. The same as Chinese buying Mercedes, BMW and Porche.
@@lucisleesion8824 Some Models of Mercedez and BMW are about the same, VW is cheaper in China because they are locally manufactured. However the high-end models like S class or 7 have a big gap due to tariffs.
@@cruciata295 Thx for your extra info, all my info came from my Chinese friends.
According to recent EU-EV registration, Tesla delivered 9600+ EVs vs. BYD 258 this year.
The world is changing fast, 20 years ago even just the idea of China having an automobile manufacturing industry would have been laughable, now it has the most cut throat and competitive one in the world with so many Chinese local brands just constantly fight for top spots.
@OsamaBinLadensSecondGirlfriend Nio just won awards in germany and Germans knows how to build quality cars than Americans. NIO ET7 Wins Coveted Golden Steering Wheel 2022 Award in Germany The Golden Steering Wheel is one of the most prestigious and oldest awards in the automotive industry. It has been rewarding the best new car models in Germany since 1976.
BYD is the one that making progress quietly instead of making hype like Neo
Not so quiet, I think.
If Tesla will have a problem with BYD just imagine companies like Ford, GM, Stellantis, BMW, Mercedes, and VW, difficulty facing the same
Was hearing no one wants to buy a VW EV in China and sales have been sluggish
@x xznn_x ID is dying due to huge amount of choices in EV at Chinese market
don't worry, the US will slap sanctions due to national security / xinjiang / human right violation and destroy that company when the time is right. That was how Apple destroyed its competition Huawei, remember?
@x xznn_x GM will be fine thanks to its joint adventure in China. Their Chinese partners are actually competing and winning in EV market.
Tesla is doing just fine in China. Don't need to worry about that.
China is now world’s largest market for EVs as presented. It’s bigger than the rest of world combined. Then, all EV makers want to sell in China. Most Americans still live in the sentiment of “not buying Chinese”. The urgent need is actually to accelerate EV market in the US, not worrying about BYD.
Yes because it has been a state-backed push, and it’s creating an unsustainable market environment in China. Chinese EV makers are now exporting at or below cost due to massive overproduction.
@@Tounguepunchfartbox actually not...
@@Tounguepunchfartbox In fact, it is the massive production and complete supply chain make EV cheaper, not because of the state support.
@@Tounguepunchfartbox overproduction。哈哈哈
@@lauchen5635 so it’s not because of state incentives to own EVs? Limitations on ICEs? Massive state subsidies? Government bailouts for EV makers? You’re going to try and tell me that’s not a state backed effort?
In 2022, China's automobile production and sales accounted for one-third of the world's. In the past many years, Ford and General Motors of the United States sold more cars in China than in the United States. In fact, the China automobile market saved these American automobile companies that had filed for bankruptcy protection and were on the verge of bankruptcy. China has the whole industrial chain in various industrial fields, so US can't compete with China at all, so it can only take unfair government subsidies to crowd out other countries' products. On the contrary, the current policy of China government is that EV sales made in China or all other countries will not receive any government subsidies.
that’s to be expected right? China has over 3 times the population of the United States. So China should have a lead though it is disproportionate per capita.
@@good-tn9sr China is not a car culture nation unlike US. Total car ownership is about the same as US. Plus ICE car in China has seven or eight you need to "kill" your car.
@@kongwee1978 what are you talking about my friend? In 2021 car sales were 50% more than america which shows why American manufacturers would do better there.
@@good-tn9sr Sale are more as they are buying up EV but total car ownership is about US. Many people don't need car as China public transport is great. Nobody will seat 8hour on their personal car where you can done in 2 hour using high speed trains.
@@kongwee1978 the train systems in china are obtuse though in that it cannot contain the transportation needs of 1.5 billion people. Also having a car is a form of flaunting your wealth and showing independence which is pretty American which is also why American cars are popular in China.
Remember Elon Musk used to laugh at China EVs when he was on Bloomberg TV 11 years ago. Don’t underestimate your competitors.
Wondering why the U.S haven’t started sanction BYD for national security reasons 😂
American company Berkshire has a big position on BYD. Its only a national security concern when its not owned by any American entity.
Me too, can not wait to see that scenario.
the US can't ban or sanction something that doesn't exist there.
@@marktrinidad7650 It'll happen soon as Berkshire Hathaway is trying to reduce it's share
US sanctions won't affect BYD
NIO is also interesting.
Xpeng Li Auto Avatr Neta all amazing!
Battery swap awesome 👍
BYD and other Chinese car manufacturers will not build production facilities due to the fear of Chinese Exclusion Act 2.0
seem's a ABC(ANYBODY BUT CHINA) rule is shaping US market?
Americans dont want to buy BYD anyway
An act which will never be passed and if at all such an act is passed China will reciprocate. Tesla will be kicked out of the worlds largest ev market. Apple will loose its suppliers, gm will never recover, walmart will never recover, for many of these US companies the Chinese market is way too important for them. Today China is not as depended on the US.
Kidnapping CEO's daughters aren't great for attracting investment.
not really... Great wall, Chery, BYD have been building new factories in South Asia, Hungary, and even South America...
Americans still don't know that there is a bigger world out there. Chinese affordable products are aimed at developing countries. Which is 10x the American market.
The US imported $577+B worth of goods and services from China in 2021. Which developing countries match that volume?
@@tooltalk ASEAN has overtaken the United States and the European Union as China's largest trading partner. The United States is becoming increasingly irrelevant to China. Even African countries have established $300 billion in trade with China. It is not wise to trade our high-quality products for American-printed waste paper.
They're selling here in the Philippines.
Quite insightful... we're talking about the 2 biggest EV maker on Earth... a good representation of the EV market...
There’s no comparison between US and China in EVs. US companies survive by trade barriers. If it’s free competition they will lose long ago.
LOL.. No. China doesn't believe in free competition. China literally banned South Korean EV battery makers like from making/selling EV batteries back 2015 when LG Chem first opened their first battery factory in 2015. Most folks outside China doesn't believe it's a mere coincidence that Hyundai's EVs are not selling in China pure due to "free competition." But no worries, Biden is copying China's successful anticompetitive, discriminatory EV/battery policies to promote America manufacturing!
@@tooltalk Nonsense. LG Chem battery was and is still in use in China but the amount is insignificant. Competition is too intense in China that’s why Koreans were afraid to go big, a wise choice. Tesla has moved from using Panasonic to LG Chem for a little while and now to CATL. They almost skipped the Koreans.
@@MRT-co1sd : LOL. Sure, China is all about freedom, competition, and fairness.. Puahaha.. There are plenty of studies now on how China protected their market in egregiously anticompetitve, discriminatory ways -- which btw became the model for Biden's new domestic battery manufacturing policy. No Chinese battery companies can compete without blatant protection or exclusive subsidies (which is illegal under their WTO pledges made in 2001). This is fairly well known -- LG Chem lost most of their orders in China after their MIC batteries were to be excluded from subsidies shortly after they opened Nanjing factory in Oct 2015 and later China cut all subsidies for EVs equipped their batteries. LG was forced to sell their factory and make unnecessary changes to their plan while other South Korean companies were refused licenses to do business at all, unless ... According to China's protectionism threatening LG Chem, Samsung SDI, 2016-08-03 17:06, Korea Times: "China is said to have pressured the Koreans to open up their core technologies to Chinese domestic EV companies in return for approving the Korean companies, which complicates the matter, said a report by Bernstein Research. Mercator Institute for China Studies, Oct 24, 2018 "Changes in the regulatory scheme also drained demand for batteries from LG Chem. The Korean company was put in a predicament that allegedly led to the sale of the company’s Nanjing battery plant - including the rights to use its manufacturing technology - to Chinese auto manufacturer Geely in April last year." No worries though, these South Korean companies that were unfairly discriminated from China are now well now -- is expected to take as much as 75% of global battery market share outside China, or as much as 90% in the US in 3-4 years.
@@tooltalk I am not here to educate you. If that’s what you believe then you’ll be keep getting surprises all ya life.
BYD seal is not the most prestige byd car in this brand, it is the counter part of model 3. Please do more investigation.
Remember when Elon Musk laughed at BYD cars during interview. Guess who had the last laugh now.
He was laughing because they are copying you idiot, he knew China sent spies on his company why else would he laugh 😂
Thiss
still Elon, cuz he always laughs
Musk still laughing. BYD good luck to ya !
Guess who makes the most profit selling their vehicles.
This report covers BYD mostly, however BYD EV isn’t the sexiest EV in China market. There are dozens Chinese EV makers who produce really competitive cars, many of those cars would be successful in US market in my point of view
>> There are dozens Chinese EV makers who produce really competitive cars, That's a sign that the EV business is still very young. As the industry matures, there would be 3-4 survivors.
@@tooltalk brutal price war of car market has begun in china.
@@mengyuzhao2405 yes today i checked car prices are crazy
@@tooltalk correct, actually there’re just like 5 major EV makers, rest of them are not doing very well.
As a chinese ,i agree with you ,And shangqi ls7 is the best ev suv car ever i seen,its a amazing,byd and tesla cant compete with it,everyone should watch ls7!!!!
In fact, the reason is very simple. The Chinese market welcomes electric vehicles from other countries to sell here. In a fully competitive environment, if the products of some automobile brands are not competitive, no one will buy them, such as BZ4X, and the number of sales is not as large as the number of Toyota 4S stores.
What is the import tax? Is it high to stop imports?
@@Notme-tq4xs Yes, why don't you see how Europe and the United States levy taxes on non-locally produced cars?
@@qipang9271 what? welcomes electric vehicles from other countries ? - what other countries ? maybe brands from other countries, but all of them are Made in China... from Tesla to BMW.
@@johnsmith-cw3wo Yes, there are no Toyota, Toyota, Benz or BMW factories in the United States, right?
@@qipang9271 I believe they are... but even if they are in Mexico or Canada, they have not tax because of NAFTA... China could use that loop and build in Mexico and sale with no tax in US.
US Politicians: Just like Tiktok, Chinese cars listen to your conversation and invade your privacy & autonomous driving will crash the car/overheat batteries to kill you once they figure out you are working for the US government. It's a security risk, we can't have that in the US.
BYD is just one company in China. Unlike the U.S , China has so many super competitive ev makers to dominate the world.
Yes. BYD, Nio, Xpeng, Wuling, ect.
No, BYD is one of the largest battery makers in China, along with CATL, not just one of myriad companies out there. The CCP went out of its way to protect CATL and BYD from foreign competition for much of the past 7 years.
@@FrogHeat Even if you have good content, when you spam comments sections like this, you immediately make people want to avoid you.
ture
@@tooltalk protect CATL and BYD from whom? CATL is the worlds largest battery producer and a pioneer in the industry. No ither battery manufacturer makes lfp batteries.
In Bangkok, I saw a handful of BYD Atto 3 on the street, but barely see any Tesla. I think BYD is winning in the South East Asian countries.
It is important to understand that regardless of brand, make, model, manufacturer. The driving goal should be to turn the auto industry from ICE vehicles to Electric drivetrain cars, vans, trucks (road vehicles generally speaking). These should be available at a fair and affordable price, with practical charging infrastructure and the assurance that the batteries will not burst info flames at any given moment. Concerning charging infrastructure, last I heard, Tesla was open to share their charging stations with other manufactures, Ford, GM, etc.
let's be real, Tesla doesn't care about Electric car at all, Elon only care about selling their overvalued stock to a bunch of fools. Elon always played the "new car manufacturer" card despite had been in business for 19 years. at this rate, Tesla lose is beneficial for everyone. no more scam, no more overvalued junk, Everyone wins.
"China accounted for around two-thirds of global sales of full EVs last year. According to the China Association of Automobile Manufacturers (CAAM), 26.86 million vehicles were sold in 2022, with 6.89 million units being EVs. Sales of EVs almost doubled, surging by 93.4 percent year over year, thanks to cheap electricity and favorable government policy in China."
we don’t competing, we are work in together, learn form each-other to make better world.❤
This news is old, BYD has a giant factory in India, and it is already producing some of BYD's most desirable EV models, such as the Atto 3. It's currently doing well.
India will give BYD a huge fine bill to take all the profit BYD gets in India. Let's wait and see.
@@jorryzhu4615 哈哈哈 你不要吓我
@@user-jh1ex4if8w 迟早的事，哪个外企外在印度不是灰溜溜的跑了，包括沃尔玛
Investing in India is the last thing you want to do...
@SCPython I don't know. Maybe they believe it is time for the harvest. Because since the day Warren Buffet started to own BYD stocks, his investment grew by over 600%. So maybe he believes this is the maximum value of the BYD stock, and it will only go downhill from here, back to a more logical price point. I don't think him pulling out is due to geopolitical concerns because BYD does not operate in North America (Canada and USA). BYD is a vertically integrated company; all parts are manufactured by BYD and its subsidiaries. So, the company itself is sanction-proof. I own BYD stock, so I am biased, but the company still has great potential and is rapidly expanding in ASEAN, South America, Oceanic, and Europe.
I am a BYD car owner，I have ev cars and dual model cars(Dual amodel intelligent DMi & Dual Model Power DMp).Trust me，Buy a DMi car And you will really benefit from BYD DMi. You don't need to worry about electricity，You can review your car with gasoline，And you can also charge your car in your home，No need much maintenance as a fuel car
Tesla is America only chance at competing with Chinese EV makers. These vehicles are really compelling and so affordable. Don’t see Ford or GM ever catching up and compete at that price. Very similar to when Toyota and Honda enter the US market then proceed to dominate with their smaller and cheaper vehicles
Tesla ? Affordable ? What do you smoke ?
@@ajaykumarsingh702 Chinese automakers are making very compelling and affordable vehicles. Reading comprehension must be difficult for you
Nope. Tesla has no avenue to repatriate Chinese profits. Remaining an American company will be untenable in a few years, when the vast majority of its cars are built and sold in China. Tesla is becoming a Chinese competitor.
gm was busy helping SAIC make ev in china: kzhead.info/sun/kq-YZ6uEnJt7q3k/bejne.html
@SCPython Warren Buffett still holds 12% of the stock only sold 8%, relative to the Buffett buy price is 8 HKD, the average selling price is 200 HKD this is just a normal business practice.
BYD is not "backed" by warren Buffett, he is a stockholder with 11% in total who sees the company can make him more profit.
if owning 11% of a company doesnt make you a "backer" i dont know what will....
This year the world will learn a new word - BYD!)))
Who has best crash safety? You don't care if you get hurt badly.
@@Notme-tq4xs I want to see a BYD car fall down a 250 foot cliff and everyone inside survive, then we can talk safety.
@@tonii5690 I want to see Ford, GM, Chrysler, cars fall down a 250 foot cliff and everyone inside survive, then we can talk safety.
"byd" in the Welsh language means world.
@@byddf 👍
not just China, but, basiccally the world.. go to South America, Africa, etc.. and Chinese nameplates dominate the vehicle market already.. they are not sinophobic
The markets there are extremely small. And the infrastructure is not there yet at all. Unlike China Western Europe North America and Japan.
Chinese made cars are incredibly unreliable and poorly made.
Not all south america. Its very rare to see a Chinese car in Brazil, they're still seen as "low quality"
@@seanpruitt6801 Chinese ICE is selling in latin america Argentine chile mexico etc
@@RNCHFND things changed and people still in stereotype, Toyota and Honda cars got completely beaten in china. If u drive one of those EV vehicle u will know the huge difference, im definitely not kidding
BYD has basically cornered Tesla in terms of posing itself as a premium ev car brand. Man you take a look at both cars and you’ll know what premium really means. I’ll just say in the long run Tesla stands no chance against BYD, especially in the Chinese market.
For such a vertically integrated company as BYD it bothers me how their profit margins are so low. Now imagine if Tesla had the same vertical integration as BYD, their profit margins would be ridicolous
Probably they have so much model compared Tesla 4 model atm
too many competitors in China, not just in EV production, but also in Battery/chips. Besides, before the boom of BYD`s EV, BYD used to be a 2nd-class brand of the regular cars in China.
Because BYD also sells 15000 USD PHEV, it is defeating the TOYOTA Corolla
@@aizseeker3622 good point
@@hcui7456 good point
Thanking for information 🙏 🙌 😌 ☺
We have a BYD in Brazil, They sell electric cars with a competitive prices
China was the first country to announce by 2032 no internal combustion engine cars will be allowed in China. The announcement was made 15 years ago
Does that mean China would get rid of the current combustion engine, or just no more new ones?
Sure making new batteries and dumping old batteries has no environmental impact at all.
But then China wants to rely on coal for its electricity production.
@@walden6272 Means sales.
😂😂😂
I want a BYD.
I do also
I love that Han EV, that one with 3.9s 0-60
Imagine actually wanting to waste money on Chinese junk.
I want that $9000 USD Dolphin!
bad choice
You guys have the best job! I'd love to be in your position. 😊
Without Chinese government's support, Tesla would broken in 2019
BYD is the best😎
nope
Got paid to say this about “BYD”.
May be not the best, but at least better than most EVs, and somewhat better than Tesla.
BYD is going to do very well in every market except the USA and Canada. For countries that welcome trade and investment BYD will do very well.
The BYD looks waaay better than the Tesla model 3?.. When the clone outshines the original 😂
🤩🤩🤩🤩🤩BYD, the future of EV for every one on this planet, happily ❤❤❤
Just in case this is new to anyone, BYD actually have been actively present in US market for stationary energy storage systems and E-buses for long time...
BYD is popular in Germany🚗
BYD sold only 52 EVs in Germany this year, compared to 11+K Tesla's or 6+K VW's. Popular, eh?
Does anyone know what Mr. Buffets profits were and what his current position is?
byd seal: a car exists. WSJ: it looks very similar with model3. LOL
A few years ago Tesla wouldn’t even take BYD seriously because musk though their cars were ugly. I’m not gonna lie I thought so myself. It’s amazing how far Chinese companies have come. As a Chinese person I’m proud of Chinese industries and I hope the rest of the world can see we are no longer making low cost products and that we will now be known for being a country of innovation, clean energy and that exports high tech to the world. I hope that more people can have the opportunity to learn more about our country and our culture by visiting China, instead of letting mainstream media and politicians negatively and unjustly influence their perception of us without first seeing how we live and who we are first hand. Visit China one day and you won’t regret it. I wish I get to move to China someday. China is more than Shanghai and Beijing, Hong Kong. We have so so many more magnificent little towns and big cities that are equally charming in their own way.
True that my chibese brotha
以前真的是丑成翔了。我记得六七年前知乎有个问题就是，比亚迪不知道他们造的车很丑吗？ 直到后面换了设计师，外形真是有了天翻地覆的改进
BYD should be here, I would drive one if available. I wish we let GM and Ford go bankrupt.
Unfortunately, the United States is not a democracy. Rather, a state ruled by big corporations. It's companies like GM and Ford.
Tesla has shown double digit revenue growth nearly every year since inception, yet the film implies that revenue growth is a problem for the company. I really don't think revenue growth is the biggest problem. Keeping on top of the tech, improving quality and performance, and increasing the availability of qualified service work while decreasing repair and maintenance costs are much bigger concerns.
WSJ is owned by Amazon, and China bans Amazon to protect local tech companies. So you can understand where the bias is coming from.
BYD and China scares Tesla
Elon Musk has said numerous times that he doesn’t mind Tesla going out of business as long as there is a better EV company. We’ll see if that happens
It won't
It's not possible. There is a joke that I remember saying. A TV reporter went to interview a farmer and asked him if you had 10 million yuan, would you like to donate 5 million yuan to the poor to help them? The farmer said yes. I am willing to give half of my fortune to help others. Then the TV reporter went on to ask him, "Would you like to take out one of your cows and give it to someone who needs it more?"? The farmer said I don't want to. The TV reporter asked him why. You said you could donate 5 million yuan, but now why don't you even want to donate a cow? The farmer said, "Because I really have a ***ing cow.".
>> "Elon Musk has said numerous times that he doesn’t mind Tesla going out of business as long as there is a better EV company ..." That must be why he doesn't want any gov't subsidy, that Tesla had already exhausted, going to Tesla's competitor
@@tooltalk Ignorance is really ridiculous. You can check the proportion of patent technology for electric vehicles. China is far ahead. As for the chip you said, I'm sorry, the automobile chip does not need too high-end manufacturing technology. Finally, I tell you that Tesla's batteries are all from the Ningde era. Not only Tesla, but also European car companies use the Ningde era batteries. Please check the information before speaking. Or you'll look stupid
Maybe he should focus on Twitter, it’s more challenging to figure out how many pronouns to use in the US.
This days it’s easy to tell media s against who
How do the vast majority of people, who don't live in a house or townhouse with their own private electrical plugs, charge their EVs?
Does that SEAL sedan look similar with Model 3? If not, are you implying the Chinese are copying Model 3?
Given the strength of Tesla's balance sheet, they can easily afford to cut prices by another 10%. This will hurt in the short term but will ensure they own the US auto market in 2 years as no US or European brand can match their cost structure. Owning the US market is enough, given the all government subsidies that are coming.
VW have signed deals with other EV manufacturers from China in order to make a $25,000 EV. They'll be coming soon but aimed at EU market
That's what I was thinking, Tesla will do fine in the US and Western Europe, but it can't complete in the rest of the world as those market have already been flooded with Chinese vehicles (ICE & EV) I'm from an automotive company based in Dubai and 99% of our customers who are from Asia, middle East and Africa are buying Japanese and Chinese vehicles. Only 1% consider buying Teslas because they're looked at as nothing but status symbols. Tesla is only selling somewhat well in Dubai if you're asking
@@desertblade1874 I'm glad they don't buy American brand car
The fact that the USA has a 25year ban on all cars coming to the USA is ridiculous. I want a brand new Japanese K Truck, but it's illegal to ship anything newer than 1998. I thought the USA was a free market economy. Nope, it's a Capitalist Monopoly they will sell you a $30,000 car and say its cheap when you can buy a new truck from Japan for $10,000. American Vehicle's suck
Wow, thanks new to me. I never know that ban. I thought USA is really a free market
@Aidesbn Lee America sucks man, all lies, and it's expensive for no reason. I want a cheap Farm truck but literally no American company sells a cheap farm truck. I dont want a $50,000 ford that will get scratches in a week
@@jaridkeen123 I thought it will be cheaper to buy a Ford in USA coz it is a USA brand
My creator says, "Americans love socialism - for corporations and rich people (who don't have to be American, just rich).
@@FrunkensteinVonZipperneck Yeah, business and profit are the first concern.
I find buses in the UK is also from BYD. 😊
Whatever happened to Nio
Nio is still the third largest EV maker in China, after BYD and Tesla.
Looks like BYD will overtake Tesla.
no
Tesla is the original top selling, unlike the other copies which are reversed engineered and copied the concept of the Tesla’s programming.
@@nekopop8159 every competitor is a copy, typical of Americans
@@subsplease-gk7yo America did it first, typical anti-Westerns…
BYD already has beaten Tesla. PHEVs are also EVs. 😎👍
BYD is good 👍
This seems to have information years old. Not current conditions.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.
*ROCHELLE DUNGCA-SCHREIBER* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
God bless you for sharing!
We need more level 3 chargers vs level 2. Most PUBLIC CHARGING is cheaper to build slower level 2. Level 3’s will transform autos faster. 15 minutes 200-300 miles in/out
You don't say a word about the safety of LFP. Besides, BYD's newly developed blade battery has excellent performance. LFP is no longer synonymous with low-end, and will gradually become the mainstream.
Agree. LFP powered Han and Seal models have over 350 miles of real world range and sub 4 seconds 0-60.
Idk why WSJ claims LFP has lower range when in the video itself 1:29 it literally shows the comp model of BYD has a 25% longer range (342 miles vs. 272 miles) than model 3 lol.
@@pinkcichlidcan't trust Western media or msm.
Truly Free Market😊
BYD is not in the same market with Tesla. There are many Chinese EV makers like NIO, Xpeng, GWM, Hongqi….. that compete with Tesla in similar price range. Don’t think BYD EV lacks range neither, their blade battery is safer and can go as far as Tesla.
Is it fair to compare BYD to Tesla, which sells BEV only?
For BYD: BEVs: 911,141 (up 184% year-over-year) PHEVs: 946,238 (up 247% year-over-year) Total: 1,857,379 (up 213% year-over-year)
yes, cuz Tesla can't compete with byd in BEVs
@@lucisleesion8824 You have it backwards. Drop prices 10% and BYD dies.
@@Notme-tq4xs 🤣
@@Notme-tq4xs BYD actually increased the prices recently 😂😂😂
Chinese EV will win the world market. They will take 80% of US EV market within 5 years because every American loved China and they'll choice it over their US brand because of Chinese superiority in price and technology
uh. no.
😂😂😂
@@stanbernadino I'm click baiting and somehow got this many like from Chinese bots! lolz 😆
@@osamabinladenssecondgirlfr4241 With the current propaganda most Americans do NOT love China. But China currently does have superiority in price and technology.
Wow... can't you be more rational?
Wow, the bots really came out to defend this company...
WSJ doesn't even have the courage to put Tesla's Competitor, BYD on the description. LOL
I can say byd car is more worth to buy then tesla
You can say anything silly you want.
@@Notme-tq4xs u can reply anything dumb u want
@@chesterloh7060 Godly replay, bravo dude
China has all the production chains and technologies in the field of electric vehicles. This is a huge advantage, because cars produced locally in China can be cheaper than other brands.
>>China has all the production chains and technologies in the field of electric vehicles No it doesn't. China has primarily low-tech, low-value part of the technology supply-chain -- ie, assembly/packaging. Most chips for instance are designed in the US; then manufactured in Taiwan/South Korea with manufacturing equipments from the US/Japan/EU.
@@tooltalk Ignorance is really ridiculous. You can check the proportion of patent technology for electric vehicles. China is far ahead. As for the chip you said, I'm sorry, the automobile chip does not need too high-end manufacturing technology. Finally, I tell you that Tesla's batteries are all from the Ningde era. Not only Tesla, but also European car companies use the Ningde era batteries. Please check the information before speaking. Or you'll look stupid
@@tooltalk If you don't believe it, you can buy an electric car you like, and then disassemble it to see how many important parts are coming from Chinese companies. And check the technical patent code. However, as a person with limited information, you may be in an extremely poor area. I doubt that you have the money to buy an electric car to dismantle it.
@@directorl4641 : Sure, most cheap auto parts are made in China. In fact chips used in automobiles don't really require cutting edge fabs at 10nm or smaller for instance -- most are still at much older 28+nm. And no we are nowhere close o achiving autonomous driving -- not in 5 or 10 years. The only thing worth talking about the state of China's EV industry is how China became dominant in battery manufacturing in most egregiously anti-competitive and disciminatory manner: when LG chem opened their first Chinese battery factory in Nanjing in Oct 2015, China's battery industry was young and tiny. China quickly greeted foreign competitor by taking away their battery subsidies by changing their regulation; then took away later all EV buyer subsidies for EV equipped with their batteries, even if they were made in China. They were refused to licenses to do business unless in exchange of their superior NMC battery tech. "China's protectionism threatening LG Chem, Samsung SDI," 2016-08-03, Korea Times: "... China is said to have pressured the Koreans to open up their core technologies to Chinese domestic EV companies in return for approving the Korean companies, which complicates the matter, said a report by Bernstein Research. ..." Mercator Institute for China Studies, Oct 24, 2018 "... Changes in the regulatory scheme also drained demand for batteries from LG Chem. The Korean company was put in a predicament that allegedly led to the sale of the company’s Nanjing battery plant - including the rights to use its manufacturing technology - to Chinese auto manufacturer Geely in April last year."
@@tooltalk bro still living in the 2000 era, you just got your internet ? You really think China is still relying on "low-class" manufacturing industry as their main development source ?
I'm sorry, where are they finding this 33,500 model 3?? They must be referencing a high mileage used one.
It’s likely that Tesla just isn’t interested in the market segment BYD is occupying. Tesla can probably reduce the price of their cars by as much as 1/3 if they just don’t include Autopilot hardware in every car they sell. But Autonomy is a goal of Tesla so they’re stuck selling only to the premium market.
We'll see just how low Tesla can go pricing wise in China. Their sales inside China has essentially been flat for 6 straight quarters dating back to 2021-Q4, and the only reason they maintained their sales levels are price cuts in late Q3 or 2022 and early Jan of 2023. Those 2 quick cuts one after another already added up to 18% cut on their Chinese pricing, and the mother of all price wars in the Chinese auto industry is still going on. They just might have to cut prices at least one or two more times again in the rest of 2023 just to keep their current sales numbers stable.
China actually supports their #1 ev company. We ( government) still support our top ice companies
Our government is always a step behind the technology stack
donkey, Elon has a whole junky bunch of zero interest investments from federal government
@@tigerrx7 government is the PROBLEM. if we lower taxes and deregulate - that would help MORE
@@Sanyu-Tumusiime yeah, okay Regan.
@@GoGoPooerRangers tell that to people in Ohio... how is deregulations working out for them ?
I want an ev from Tata!
I'm from Shanghai. Last month I ordered a Huawei M5 pure electric four-wheel drive smart-driving car, with a total of 290,000 rmb. The reason why Tesla is not considered is that Huawei uses Lidar for its smart driving system, which is more secure and accurate. Huawei has the Hongmeng vehicle-machine system, which is perfectly compatible with my Huawei phone, and has excellent experience. Huawei also has the Hud, massage chair, seat heating, and the most important of all, the Huawei ADS2.0 smart driving system. The smart driving performance in China is far better than that of Tesla. I just want to say that times have changed. Chinese people have already used cars made in China, because they are more powerful than foreign cars, and they are ahead in all directions.
Most catch fire
I'd prefer anything than US made junk. It charges you the highest price, but offers the lowest quality
1:02 if these numbers include plug-in's or hybrids, then this isn't an apples to apples comparison. Hybrids are fossilmobiles, not EV's.
By a large margin, currently most EV's are fossimbiles, just remotely plugged in...
@@rubennasser6907 No, they're not. I get what you're saying, but EV's (even when powered by coal) are FAR more efficient than true fossilmobiles.
Most current BYD sales are Gas cars!
Shhh.... you're saying the quiet part out loud. Notice that they don't even mention what all of this means to all the other car companies. They're dead! They're all DEAD!
@@lukasboscher9674 while most of BYD gas cars (dmi) support most people's driving with electricity instead of gas.
Volume level is so low on this video.
The cheap ones are for the mapping of users #identify potential to develop target formulas
Hybrids or electric vehicles show the full data
Onwheel rotary engine and add-on motor then we have car can work in any fuel condition gasoline , natural gas, electric , and even no fuel use lighter motor cycle wheel and lighter wood body can fly easier and renewable material and use capaitor replace major battery weight
The reason BYD is not in the US is because their founder also has a daughter 🤔
I like your humour. But it's fear out of fact.
If you do a real comparison between U.S and China the China came a long way in very short time. I believe China can surpass U.S in 5-10 years if U.S do a fair competition without terrorizing or starting conflict in China.
>> "... I believe China can surpass U.S in 5-10 years if U.S do a fair competition without terrorizing or starting conflict in China..." but China's EV battery industry was able to grow only because of China's blatant protectionism past 7 years. The US can certainly achieve the same in shorter time frame.
agree
You are very funny 😂😂😂😂😂😂😂😂😂😂
@@lauravarona6717 u are using a Chinese phone
@@tooltalk debunked already