BYD Smashes Sales Records In First Half Of 2023
If you are expecting us to crow that BYD beat Tesla … nope, that’s not gonna happen. What BYD did do, however, was show that a) the Chinese new car market is alive and well, and b) while Tesla is king of the mountain in the world of electric cars right now, there are other companies competing for the crown. As Tom Petty told us, “It’s good to be king, if just for a while.”
When it comes to putting the world on wheels powered by electricity, BYD is thriving in a segment of the market that Tesla does not currently cater to. We could argue until the cows come home about which approach best serves the needs of society but the answer is that we need to convert the entire world to electric transportation and that includes those who buy Hondas and Toyotas as well as those who buy Audis and Mercedes.
But now a new leader has emerged from the pack. All at once, BYD is everywhere. It is in Asia, Australia, New Zealand, South America, and Europe. It has a range of models, most of them at the lower end of the market where people are looking for value more than pizzazz.in February that the company wants to build cars in Europe and is carrying out feasibility studies.
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