Mohammed Bedrouni’s Post

In 2023, #Tesla and #BYD were the world's two largest electric vehicle (#EV) companies by a large margin, holding 19.9% and 17.1% market shares respectively. This map shows the locations of Tesla and BYD's present and future EV factories, along with their estimated maximum output.

In 2023, Tesla and BYD were the world’s two largest electric vehicle (EV) companies by a large margin, holding 19.9% and 17.1% market shares respectively

Interesting news in the #EV space - BYD notched another win over Tesla on Wednesday. Quarterly revenue beats Tesla's for the first time since the pair have gone head-to-head in global electric vehicles sales. Revenue for BYD soared 24% to 201.1 billion yuan ($28.2 billion) "As of late October, 1.57 million applicants had registered to take advantage of a national subsidy of up to more than $2,800 apiece for trading-in older cars for greener vehicles, official data showed. Local governments in China have also been handing out up to 20,000 yuan as additional subsidies to EV buyers in schemes to expire at year end. BYD had led the growth with aggressive discounts on its best-selling models. Its best quarter was primarily driven by strong growth in plug-in hybrid sales, which jumped 75.6% on the year to 685,830 units in the third quarter, thanks to its latest generation of plug-in hybrid technologies that save more fuel costs for users."

🎃 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

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

MORE GIGACASTINGS = CHEAPER VEHICLES!! Gigacastings present a win-win scenario! If you're an OEM and you're not integrating large castings into your new products, you risk falling behind. This isn't solely due to the absence of gigacastings, but rather because the resulting vehicle costs may become prohibitive for consumers, making it financially unsustainable for you as the manufacturer. The demand for affordable EVs in the US is evident, with EV sales stabilizing or declining in various regions. We urgently need affordability and robust infrastructure, and it's imperative that multiple OEMs step up to address this need. Gigacastings offer numerous benefits, including reducing the manufacturing footprint by streamlining assembly lines, minimizing the number of parts manufactured and designed, and reducing packaging time, among other advantages. Most importantly, this translates into cost savings. By slashing costs, automakers and OEMs can profit from EVs and, consequently, reduce the prices for consumers. While there are downsides to consider, such as repairability, insurance costs, etc. Consider this: there's still untapped potential for efficiency improvements in internal combustion engines (ICE), whether through combustion enhancements, fuel innovations, engine designs, or the integration of various technologies. Why not leverage gigacastings in ICE vehicle production? If we can use these methods to manufacture ICE vehicles more affordably, making them more efficient and environmentally friendly, wouldn't it make sense as an interim solution? Shouldn't gigacastings be explored beyond just EVs?

In 2023, #Tesla and #BYD were the world’s two largest electric vehicle (#EV) companies by a large margin, holding 19.9% and 17.1% market shares respectively. With no other company able to match their scale, these two #automakers have found themselves locked in a #competition for the global EV crown. In Q4 2023, BYD outsold Tesla for the first time ever by 41,000 vehicles (526,000 vs 485,000). In Q1 2024, however, their positions were switched after Tesla outsold BYD by 87,000 vehicles (387,000 vs 300,000). To gain insight into this rivalry, we’ve visualized the locations of both companies’ present and future EV factories, along with their estimated maximum annual output. Figures come from a variety of sources, and represent the latest information pertaining to planned #production facilities (as of April 2024).

⚡ BYD Overtakes Tesla as the World's Largest EV Producer 2024 marked a seismic shift in the global electric vehicle (EV) market. BYD, a Chinese automaker that started as a battery producer in the 1990s, has officially outpaced Tesla in EV production. With 1,777,965 units produced—about 4,500 more than Tesla—BYD is solidifying its position as a global EV powerhouse. https://lnkd.in/ddrFwC2Y  Interesting insights to consider: 1. Tesla's annual sales declined for the first time ever due to a stale lineup and stiff competition. Its aging Model 3 and Model Y remain the mainstays, while the newly launched Cybertruck struggles to resonate with buyers. 2. BYD grew EV production by 12% and overall vehicle sales by 41%, reaching 4.27M units. Their lineup includes plug-in hybrids and affordable popular models like the BYD Seagull. 3. Government subsidies and relentless innovation have turned China into the world's top vehicle exporter. 2024 feels like the turning point for the EV race. With Tesla planning affordable new models in 2025, can it reclaim its crown? Only time will tell. Also, check out our articles on: * The Impact of Expert Networks on Innovation and R&D https://lnkd.in/dXY6M3ZS * Expert Networks Calls: Bridging the Knowledge Gap in Industries https://lnkd.in/dyVQBXvy #ElectricVehicles #EV #EVProduction #Tesla #BYD #GlobalTrends #2025 #China

■ China Giving Musk A Bloody Nose? BY Trefis Team China has emerged as the biggest growth market for electric vehicles (EVs), with nearly a third of all vehicles sold in the country being electric, compared to less than 10% in the U.S. However, EV bellwether Tesla faces considerable challenges from Chinese EV makers who are rapidly gaining ground. Although China remains Tesla’s largest market outside the U.S., Tesla’s recent performance in the country has been underwhelming. From January to August, Tesla delivered about 388,000 vehicles in China, largely flat compared to the previous year. This contrasts sharply with the broader Chinese EV market, which is expected to grow by close to 30% this year, suggesting that Tesla is losing market share. Tesla’s share of the Chinese New Energy Vehicles market—which includes plug-in hybrids, fuel cell vehicles, and battery electric vehicles—fell from 9% to 6.5% in the first seven months of this year, according to Shanghai-based consultancy Automobility. More broadly, the rise of Chinese EV makers threatens Tesla’s position not only in China but globally. With a mixed performance in China and the overall slowdown in the global EV market, the performance of TSLA stock with respect to the index over the last 3-year period has been quite volatile. Returns for the stock were 50% in 2021, -65% in 2022, and 102% in 2023. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, is considerably less volatile. And it has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. There are over 100 EV brands in China that cover a broad range of the EV spectrum. Several premium models from the likes of Nio and Li Auto - which offer high-tech interiors and range extender generators - go head to head with Tesla’s offerings such as the Model Y and 3. Moreover, Chinese automakers have also been able to churn out compelling vehicles priced at as low as $10,000 to 15,000. In essence, they’ve done what Musk and Tesla have only dreamed about but have been unable to deliver. China has the advantage of having a massive EV ecosystem- that spans from motors and drivetrains to battery manufacturing and increasingly compelling software engineering and semiconductor competence. Given the rising competitive pressures in the EV market, should you Drop Tesla and pick these AI and auto component stocks Source: Forbes #Tesla #BYD #chery #GWM

BYD electric vehicles: The differences with Tesla- more than lower price and lower margins- look at the whole value chain until sales (aftersales to come...) https://lnkd.in/d75D8thT