Is Byd folding the game? For the first time, the Chinese electric cars specialist published a higher turnover than that of his American competitor Tesla ($ 107 billion for Byd against 98 billion for Tesla in 2024).
However, Elon Musk’s company remains in front of the Chinese manufacturer in number of vehicles sold and with profits. But Byd is in better form and benefits of a better dynamic. Here are four signs that the pawn in Tesla is damaging.
• Next sales for byd
The Shenzhen -based company registered an increase in spectacular sales in 2024 with 1.76 million electric cars 100% sold. Byd arrives almost at Tesla level, except that dynamics is not the same. The sales of the American manufacturer have decreased in recent months. They have been significantly divided by two in Europe since the beginning of the year.
Another important element to keep in mind is that Byd makes the vast majority of its sales in China (between 90 and 95% depend on sources). Thus, the margin of progression in the rest of the world is very important.
The Chinese company certainly faces customs taxes and tariffs by Europe and the United States, but tries to avoid them establishing themselves in Europe. His factory in Hungary will launch its production in 2027 and another is planned in Türkiye.
• A parking lot that ages for Tesla
Long undisputed leader, Tesla today suffers from an aged car fleet. According to a German reference study that puts technical control to models of different manufacturers, Tesla is the one that shows the highest fault rate. After 2 or 3 years, vehicles have a series of failures and 15% of Tesla Model 3 do not pass technical control.
In addition, Tesla has not made significant changes in her models on the design side, she has not really presented any new Cybertruck model. On the contrary, Byd Carbure in innovation with six new models presented in 2024, and another ten planned for this year.
• The new Ultra Fyd charger
And innovation does not stop at Byd. The brand has announced a new ultra fast load system with 470 kilometers recharged in 5 minutes against 320 kilometers in 15 minutes for Tesla.
Obviously, this novelty will have to go through proof of the facts and many questions remain in suspension.
“We will have to wait for the first comments of the users. In addition, this innovation will require a new generation of engines and that arouses questions about the cost of the load stations,” says Franceinfo The Economist that specializes in the Bernard Julien automotive industry.
• Elon Musk’s political career raises questions
Even if it is difficult to evaluate the magnitude, the participation of Elon Musk in the Trump administration could have an impact on the sale of Tesla cars. One thing is sure, some last weeks, the acts of protests aimed at Tesla due to the actions of their owners have multiplied.
Source: BFM TV
