Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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BYD continues to defy expectations after sales surge to a record +$100 billion (electrek.co)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 1 month ago

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

Well make up your minds!”

-GM

[–] [email protected] 0 points 1 month ago (1 children)

Didn't they release falsified sales numbers previously?

[–] [email protected] 8 points 1 month ago (1 children)

Source?

[–] [email protected] 7 points 1 month ago (1 children)

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.

[–] [email protected] 2 points 1 month ago (1 children)

What do tariffs have to do with BYD?

[–] [email protected] 2 points 1 month ago (1 children)

They could reduce their foreign sales.

[–] [email protected] 3 points 1 month ago (1 children)

The don't have any sales in the US.

[–] [email protected] 1 points 1 month ago

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