China Dec NEV wholesale sales estimated by CPCA.
$BYD Co.(BYDDF.US$ outsells $Tesla(TSLA.US$ 4-to-1 in China. But $GEELY AUTOMOBILE HOLDINGS LIMITED(GELYF.US$ is also making a strong move into this space with its line of affordable EVs.
$Chongqing Changan Automobile(000625.SZ$ $SAIC Motor Corporation(600104.SH$ $Li Auto(LI.US$ $LI AUTO-W(02015.HK$ $NIO Inc. USD OV(NIO.SG$ $NIO-SW(09866.HK$ $GWMOTOR(02333.HK$ $BAYER MOTOREN WERK(BMWYY.US$ $VOLKSWAGEN A G(VWAGY.US$ $LEAPMOTOR(09863.HK$ $DONGFENG GROUP(00489.HK$ $Dongfeng Automobile(600006.SH$ $XPeng(XPEV.US$ $XPENG-W(09868.HK$ $XINTE ENERGY(01799.HK$ $BYD COMPANY(01211.HK$ $BYD Company Limited(002594.SZ$
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whqqq : Well, not 4-to-1 but 2-to-1 because of hybrids, but yes.
RocketBulldozer whqqq: BYD brand perception in China is a cheap car with low brand perception. More frequently sold as Private hire cars, rental cars and Taxis.
If the other brands offer a better deal why not? Wonder which consumer would buy a Taxi without the heavy subsidies? BYD is trying too hard to go into the Premium category with a cheap mindset. Wonder who would buy those cars when Tesla and other brands are slashing their prices