BYD

“I think if other automakers don't get it together by 26, it becomes very attractive to move in here.”

“They go from about 400,000 units to about 1.6 million units in 2022. And then last year they hit three million units in 2023.”

“So again, they have nearly 30 models available. Tesla has five, but really two.”

“BYD hit all their targets last year in terms of sales, and they've surpassed Tesla in terms of fully electric vehicles on a quarterly basis in Q four.”

“I know this from personal connection that BYD just isn't coming to America in the PV market at all.”

“What they call the DM-F.O technology, which is an interesting technology in that it increased the fuel efficiency to around, like, 80 to 90 miles per gallon. And they made a lot of waves with this 2100 kilometer range claim, which has been verified by, you kno…”

“And Huawei, They do quite well because they're considered to be a premium brand in China, and both of those brands, I would say, have, like, a higher brand recognition for the luxury class of sedans and SUVs than BYD right now”

“When it comes to BYD, and I think other Chinese automakers are similar situated, I would say they get maybe 10 to 15% of their sales outside of China right now”

“They were able to lower the prices further, until this year, they started a campaign saying, electric cheaper than gas. So they lowered the compact sedan prices to 79.8 K RMB. And that is basically a little more than 10,000”

“I would generally say that BYD itself is generally reaching, like, Tesla level dominance in the Chinese market now, because with the most recent releases, they're probably going to get to maybe 40% Market share among NEVs in China, which is just, you know, li…”

“What you see is a lot of their attention are not really focused right now The Western countries, but rather a lot of the global South countries like Brazil, Thailand, Indonesia, Central Asia, probably a lot of the Middle Eastern countries, I would say. But tho…”

“One of the interesting things, if I remember correctly, is actually Apple had already picked BYD as their battery suppliers.”

“So the subsidies from the last decade They've helped to build up these big companies that we know, BYD, CATL, Eve Energy, etc. But they're not fundamental in this, you know, in the way that people think they are to the kind of low-cost structure that we're see…”

“There were probably close to 100 Chinese battery manufacturers, and today there's 10 that, that matter and that do it at scale, and really there's two that, that completely dominate the industry, and that's BYD and CATL.”

“In December of 2021, BYD had 0.2% market share, and of December 2024, it had 14.4% market share, making it the second biggest auto seller in Singapore, second only to Toyota.”

“So we had the CEO of Octopus Energy, which is the largest utility here in the UK on the pod, and this year, they've launched a BYD lease program, where you can just Pay monthly to get a BYD electric car, and they would give you 12,000 miles of free range in a …”

“Your BYD wasn't a VC-backed company while it became an electric car giant.”

“Watching in my hometown, in Singapore, where, ah, BYD had .one percent market share in December, 21, and is now by far the biggest auto seller in the country in four years.”