schizoidman@lemm.ee to Electric Vehicles@slrpnk.netEnglish · 2 months agoBYD continues to defy expectations after sales surge to a record +$100 billionelectrek.coexternal-linkmessage-square8fedilinkarrow-up157arrow-down13
arrow-up154arrow-down1external-linkBYD continues to defy expectations after sales surge to a record +$100 billionelectrek.coschizoidman@lemm.ee to Electric Vehicles@slrpnk.netEnglish · 2 months agomessage-square8fedilink
minus-squareBuelldozer@lemmy.todaylinkfedilinkarrow-up7·2 months agoI’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.
minus-squareericjmorey@lemmy.worldlinkfedilinkEnglisharrow-up2·2 months agoWhat do tariffs have to do with BYD?
minus-squareBuelldozer@lemmy.todaylinkfedilinkarrow-up2·2 months agoThey could reduce their foreign sales.
minus-squareericjmorey@lemmy.worldlinkfedilinkEnglisharrow-up3·2 months agoThe don’t have any sales in the US.
minus-squareBuelldozer@lemmy.todaylinkfedilinkarrow-up1·2 months agoThe auto market is global and the US isn’t the only place enacting tariffs.
Source?
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.
What do tariffs have to do with BYD?
They could reduce their foreign sales.
The don’t have any sales in the US.
The auto market is global and the US isn’t the only place enacting tariffs.