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Here's a great look at how Tesla and BYD, two EV giants, stack up in terms of current and planned global production capacity. Some key takeaways: 1. Tesla produced 1.4M plug-in electric vehicles (BEV, PHEV, HEV) in 2023, while BYD produced 1.8M BEVs alone. However, Tesla's total output is estimated at 1.9M when including all vehicle types. 2. #China is poised to be an #EV powerhouse, with capacity to produce a staggering 3M+ vehicles annually (750k from Tesla's planned facilities, over 3M from BYD's, per the data). This dwarfs estimated capacity in other major auto markets like the U.S. and Germany. 3. BYD appears to be making aggressive investments in production capacity across China, Brazil and other markets to challenge Tesla's leadership position. The two companies are neck-and-neck currently. This data paints a picture of an intensifying battle between these two pioneering EV makers, centered heavily around the crucial Chinese market. As they scale up capacity and expand globally, it will be interesting to see how this competition unfolds and which emerges as the dominant player. Follow us for more insights! #sirotinventurs #technologytrends #electricvehicles

After years of ruling the global electric vehicle market, Tesla has been dethroned by a new king: China’s BYD. In 2024, Tesla churned out 1,774,442 electric vehicles—just 4,500 shy of BYD’s 1,777,965. It’s like losing a race by the width of a bumper. While BYD briefly edged ahead in Q4 2023, Tesla reclaimed its lead for most of 2024. But in Q4, BYD came roaring back, outproducing Tesla by nearly 150,000 vehicles and claiming the title of world’s largest EV maker. Not long ago, many outside #China would have asked, “BY-who?” But Shenzhen-based BYD has gone from relative obscurity to global powerhouse, with its subsidiary, BYD Auto, taking the EV world by storm and expanding well beyond its home turf. BYD pulled off a turbocharged pivot from making internal combustion vehicles to what China calls “new energy vehicles”—battery electric and plug-in hybrids. The speed of its transformation? Blazing fast, rivaling even Tesla’s legendary scaling abilities. It seems Tesla finally met its match, and BYD isn’t slowing down anytime soon. #future #ev #electricvehicle #zukunft #Tesla #BYD #Engine #engineering

🎃 BYD Outpaces Tesla in Q3 Sales! 🚗💥 BYD reports $28.2 billion in Q3 revenue, surpassing Tesla’s $25.18 billion. 🎃 Why the Shift? Consumers are snapping up hybrid EVs, combining eco-friendliness with practical range—especially in China, where Tesla’s growth has slowed. 🌍🔋 🎃 BYD’s Secret Sauce: With a diverse lineup of hybrids, pure EVs, and traditional models, BYD caters to a range of driver needs, making it a top choice in the world’s largest EV market. ⚡️💪 🎃 Tesla’s Next Move? To compete, Tesla may need to adjust its pricing, expand its model range, or introduce Full Self-Driving in China. 👀🚀 🎃 Big Picture: The takeaway? Flexibility and adaptability are now essential in the rapidly evolving EV landscape. 💡 https://lnkd.in/gtpPAata #BYDvsTesla #EVMarket #Sustainability #Innovation

An Interesting read, BYD races to the top, now producing more EVs than Tesla! BYD Pulls Ahead of Tesla to Become Largest EV Maker While only a few people outside of China were familiar with BYD just a few years ago. The Shenzhen-based electronics and manufacturing giant rose to international fame in recent years, as its largest business unit/subsidiary BYD Auto became one of the largest makers of electric cars in the world and expanded beyond its home market. BYD has become the world's largest producer of pure electric cars, surpassing Tesla. In 2024, Tesla made 1,774,442 electric vehicles, shy of BYD’s 1,777,965. This change shows BYD's fast growth and strategic plans in the global EV market in a short period. Over the whole year, BYD sold about 1.768 million EVs, a 12% increase compared to the previous year. In contrast, Tesla's sales slipped to 1.79 million EVs, down 1.1% from last year, marking the first annual sales drop for Tesla in a decade. While that is an admittedly small decline of just 1.1 percent and Tesla shipped more cars than ever before in the fourth quarter, the drop from 38 percent growth in 2023 to a 1 percent decline is significant and might worry some shareholders, especially considering that Tesla is valued like a growth company, with a price-to-earnings ratio that can only be justified by strong future growth. As the competition between BYD and Tesla intensifies, it is expected to drive further advancements in the EV industry, providing consumers with more choices and improved technology! #BYD #Tesla #EV #ElectricVehicles #AutoIndustry *Source: Statista

Telling you where Tesla and BYD Make their Cars In 2023, Tesla and BYD became the world's largest electric vehicle manufacturers, with 19.9% and 17.1% market share, respectively. No one has come close to them in terms of scale yet. In Q4 2023, BYD outsold Tesla for the first time in history by 41,000 vehicles (526,000 vs. 485,000). However, in Q1 2024, Tesla was again in the lead, selling 387,000 vehicles vs. 300,000 BYD. The visualization shows the locations of both companies' current and future EV factories, as well as their expected maximum annual production volumes. Tesla factory locations: 🇺🇸 Fremont, California 🇺🇸 Austin, Texas 🇩🇪 Berlin, Germany 🇨🇳 Shanghai, China 🇲🇽 Monterrey, Mexico, opening 2026) BYD plant locations : 🇨🇳 China (various cities) 🇹🇭 Raong, Thailand 🇧🇷 Camasari, Brazil 🇭🇺 Szeged, Hungary (in 2027) 🇮🇩 Indonesia (planned) 🇲🇽 Mexico (planned) Although demand for electric vehicles is not growing as quickly as in previous years, BYD has planned a powerful global expansion, announcing the construction of factories in Southeast Asia, Latin America, and Europe. ...and maybe Africa?

In the rapidly growing electric vehicle (#EV) market, two names are emerging as the dominant players: BYD (Build Your Dreams) from #China and Tesla from the United States. While #Tesla has long been recognised as the global leader in #EV sales, the latest data reveals that #BYD is making significant strides and is now neck-and-neck with #Tesla in terms of global sales figures, making the competition fiercer than ever. #EnergyTransition #Innovation #urbanmobility #futuremobility #electricvehicles

🚗💥 BYD Company, Tesla’s rival, reported a 21% increase in Q2 electric vehicle sales, reaching 426,039 units, just 12,000 fewer than Tesla's. Tesla is expected to announce a 6% decline in Q2 deliveries due to fierce competition in China and lower demand for older models. In May, new energy vehicles made up 46.7% of total car sales in China, setting a new record! 🌟 Stay tuned for more at tradezing.com #BYD #Tesla #Nio #ElectricVehicles #EV #Innovation #AutomotiveIndustry #MarketTrends #TradeZing

BYD, the Warren Buffett-backed carmaker, overtook Tesla last year as the world’s top seller of electric vehicles and is now competing fiercely with Toyota. Their new hybrid powertrain boasts an incredible 1,300-mile range, far surpassing other hybrids on the market. 🚘🌍 Despite Tesla reclaiming the top spot in Q1, BYD is surging ahead globally, especially in China, the world’s largest auto market. Their affordable sedans, starting at around $14,000, are outpacing competitors like the Toyota Prius. 📈🇨🇳 Elon Musk, who once laughed at BYD's cars, recently acknowledged the threat posed by Chinese EV makers. BYD’s ability to produce both EVs and hybrids gives them an edge, especially as the US struggles with EV infrastructure. ⛽🔋 With their Hong Kong shares up 5%, BYD’s rise is a reminder that innovation and affordability can quickly shift the balance in the auto industry. 🌟💡 #BYD #Tesla #ElectricVehicles #AutoIndustry #Innovation #elonmusk

After years on top of the global #electricvehicle market, #Tesla has lost the title of world’s largest #EVproducer to #Chinese powerhouse #BYD. In 2024, Tesla made 1,774,442 electric vehicles, 4,500 shy of BYD’s 1,777,965. After first surpassing Tesla’s quarterly #vehicleproduction in Q4 2023, BYD fell back behind its #US. #competitor in subsequent quarters. In Q4 2024, however, #China’s number 1 #carbrand #outproduced Tesla by almost 150,000 #vehicles, making it the world’s new leading #EVmanufacturer. While few people outside of China had heard of BYD just a couple of years ago, the #Shenzhen-based #electronics and #manufacturing giant rose to international fame in recent years, as its largest business unit/subsidiary #BYDAuto became one of the largest makers of #electriccars in the world and expanded beyond its #homemarket. BYD successfully pivoted from #internalcombustion vehicles to what’s known as “#newenergyvehicles” in China, i.e. #batteryelectricvehicles and #pluginhybrids. The company did so at breakneck speed, ramping up production of its #electric #passengervehicles at a pace matched only by what is now its largest competitor at the global scale: Tesla. #EV https://lnkd.in/gb4GK5Ez

BYD, the Warren Buffett-backed carmaker, overtook Tesla last year as the world’s top seller of electric vehicles and is now competing fiercely with Toyota. Their new hybrid powertrain boasts an incredible 1,300-mile range, far surpassing other hybrids on the market. 🚘🌍 Despite Tesla reclaiming the top spot in Q1, BYD is surging ahead globally, especially in China, the world’s largest auto market. Their affordable sedans, starting at around $14,000, are outpacing competitors like the Toyota Prius. 📈🇨🇳 Elon Musk, who once laughed at BYD's cars, recently acknowledged the threat posed by Chinese EV makers. BYD’s ability to produce both EVs and hybrids gives them an edge, especially as the US struggles with EV infrastructure. ⛽🔋 With their Hong Kong shares up 5%, BYD’s rise is a reminder that innovation and affordability can quickly shift the balance in the auto industry. 🌟💡 #BYD #Tesla #ElectricVehicles #AutoIndustry #Innovation #elonmusk #globalconsignmentsafricaltd #BigSource #ChinaNews