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schizoidman@lemm.ee to Electric Vehicles@slrpnk.netEnglish · 2 months ago

BYD continues to defy expectations after sales surge to a record +$100 billion

electrek.co

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BYD continues to defy expectations after sales surge to a record +$100 billion

electrek.co

schizoidman@lemm.ee to Electric Vehicles@slrpnk.netEnglish · 2 months ago
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China’s BYD beat estimates after sales topped the $100 billion mark for the first time last year. Even with lower-priced...
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  • Optional@lemmy.world
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    2 months ago

    “Wait, so you wanted cheap EVs the whole time and not a $50,000 iPad on wheels??

    Well make up your minds!”

    -GM

  • BeliefPropagator@discuss.tchncs.de
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    2 months ago

    Didn’t they release falsified sales numbers previously?

    • schizoidman@lemm.eeOP
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      2 months ago

      Source?

      • Buelldozer@lemmy.today
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        2 months ago

        I’m not the person you asked but I was curious so I looked it up and BYDs sales numbers have previously been under suspicion.

        https://www.autoevolution.com/news/byd-most-likely-faked-its-2022-sales-numbers-real-sales-could-be-much-lower-210761.html

        That doesn’t prove they were lying then nor does it mean they are lying now.

        Also, while BYD’s FY2024 revenue was impressive their gross margin fell from 21.9% to 17% and that isn’t sustainable now that the tariff headwinds are a blowing.

        • ericjmorey@lemmy.world
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          2 months ago

          What do tariffs have to do with BYD?

          • Buelldozer@lemmy.today
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            2 months ago

            They could reduce their foreign sales.

            • ericjmorey@lemmy.world
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              2 months ago

              The don’t have any sales in the US.

              • Buelldozer@lemmy.today
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                2 months ago

                The auto market is global and the US isn’t the only place enacting tariffs.

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