BYD stated that over half (more than 50%) of the 4.3 million passenger cars it sold were hybrids, not pure battery electric vehicles (BEVs). This indicates a strong market preference for hybrid vehicles over pure EVs in China.
This video discusses Tesla's potential crisis, focusing on declining sales, increased competition from BYD (a Chinese company), and the implications of US tariffs. The speaker analyzes BYD's advancements in battery technology, self-driving AI, and manufacturing scale, contrasting them with Tesla's current position and strategies. The video also explores broader economic and geopolitical implications of US trade policies.
The provided transcript states the following price comparisons between BYD and Tesla vehicles:
These figures show that Tesla vehicles cost roughly 1.5 to 2 times more than comparable BYD vehicles in these markets.
