double_m
1 month ago
A Closer Look at BYD
BYD has become a dominant force in Chinaโs electric vehicle landscape, commanding about one-third of the countryโs new energy vehicle (NEV) market. It holds the largest EV market share in China, thanks to its highly efficient, vertically integrated business model. From batteries and semiconductors to complete vehicle assembly, BYD controls nearly every part of its supply chain. This tight integration helps keep costs low and operations efficient โ an essential advantage in todayโs price-sensitive EV market.
The company produces lithium-iron phosphate batteries under its Blade Battery brand. It recently introduced the "Super e-Platform," which promises major gains in range and charging speed. BYD claims its latest batteries can deliver up to 400 kilometers (roughly 249 miles) of range with just five minutes of charging, potentially a game-changer in EV usability. Its vehicle lineup caters to a wide spectrum of consumers, from affordable options like the Seagull to luxury models under the Yangwang brand. Popular hybrids and EVs such as the Song and Qin series continue to drive strong domestic sales. On the tech front, BYD is making strides with its new โGodโs Eyeโ autonomous driving system, which offers advanced safety features at a competitive price.
Internationally, BYD is expanding rapidly, setting up factories in Brazil, Thailand, Hungary, and Turkey while growing its retail presence in markets like Germany and Australia. It aims to double overseas sales to over 800,000 units in 2025. However, rising regulatory risksโespecially in Europe, where the EU is investigating Chinese EV subsidiesโpose potential hurdles.
BYDโs net profit jumped 34% in 2024 to RMB 40.25 billion, while revenues rose 29% to a record RMB 777.1 billion ($107 billion).
Estimates for TSLA & BYDDY
The Zacks Consensus Estimate for both Tesla and BYDโs 2025 earnings suggests year-over-year improvement. However, the consensus mark for TSLA has declined over the past 30 days, whereas the same for BYD has risen.
https://www.msn.com/en-us/money/markets/tsla-vs-byddy-which-of-these-ev-giants-is-better-positioned-now/ar-AA1DkA52?ocid=hpmsn&cvid=42eba4c6de6445008eaff610611872e0&ei=236
JJ8
2 years ago
Tesla is reportedly going to buy BYDโs new โblade batteriesโ in an unlikely partnership
Electrekโs Take
"For those of you who have been following Tesla for a long time, youโd probably think that this is an unlikely partnership.
If itโs true, of course. I would still classify that as a rumor, but it looks likely since BYD is not denying it.
Years back, Elon Musk was asked about what he thinks of BYD, and the CEO literally just laughed at them:
But that was a long time ago, and BYD is still alive and strong today.
BYD also builds electric trucks, buses, and it produces battery cells. But their electric consumer vehicles are not necessarily their strongest asset.
While Tesla has recently started using LFP chemistry in its vehicles in China, it would a big change for the automaker to use this new cell format.
However, it does enable a cell to pack technology and we know this is something Tesla is trying to do with its new 4680 cell and structural battery pack technology.
But the format is completely different here.
Yesterday, we reported that people should temper their expectations about Teslaโs upcoming $25,000 electric vehicle as rumors are stating that it could go into production early next year.
We noted that Tesla is going to need a lot of cheap battery cells to make that happen. Maybe those cells could be it, but thatโs just speculation at this point".