this post was submitted on 27 Dec 2023
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Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker::Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

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[–] RvTV95XBeo@sh.itjust.works 84 points 10 months ago (6 children)

The fact that the headline says "Chinese Carmaker" and not "BYD" says a lot about their international market share.

[–] Buffalox@lemmy.world 44 points 10 months ago (2 children)

To be honest, I think it more tells you the article was written by an American for an American audience.

[–] phillaholic@lemm.ee 7 points 10 months ago (1 children)

Poorly. Just add the name after Chinese Car maker.

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[–] thejml@lemm.ee 2 points 10 months ago (1 children)

I’m not sure if it’s that or clickbait to get you to find out who it is. That kinda crap has been rampant lately.

Could be both though honestly. Either way, I’m sick of it.

[–] Buffalox@lemmy.world 2 points 10 months ago

I agree with that, I guess it could have been added after the original headline, maybe putting it in parenthesis.

[–] Chriswild@lemmy.world 19 points 10 months ago (1 children)

Also says a lot that despite that they still make more. Having more global sales in effectively one country is more impressive if anything.

[–] CertifiedBlackGuy@lemmy.world 2 points 10 months ago (2 children)

Eh, it's diminished when that one country holds nearly 17% of earth's entire population, or nearly as much as the next 6 countries by population combined.

When you have that much market, nearly anything you do will break population-based records.

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[–] InFerNo@lemmy.ml 11 points 10 months ago

The headline also says overtakes, while it says "poised to be" in the text.

[–] erwan@lemmy.ml 10 points 10 months ago

It says a lot about that "journalist" knowledge of the topic

[–] Fades@lemmy.world 4 points 10 months ago

To be fair they are just now entering the US market

[–] Squizzy@lemmy.world 2 points 10 months ago

Huge in Europe and Australia for sure

[–] originalucifer@moist.catsweat.com 57 points 10 months ago (25 children)

oh look, someone doing ev that can actually make vehicles, and theyve eclipsed tesla... no wayy..

no one could have predicted this except, ya know, everyone.

[–] Speculater@lemmy.world 6 points 10 months ago (1 children)

And yet so many people are stuck in the pyramid scheme that is Tesla's stock.

[–] Substance_P@lemmy.world 6 points 10 months ago (1 children)

And those who have ETFs or index funds that track the S&P 500 also have Tesla stock as a hot trash albatross to deal with.

[–] tsonfeir@lemm.ee 2 points 10 months ago

You leave the majestic albatross out of this.

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[–] jaschen@lemmynsfw.com 30 points 10 months ago (17 children)

I don't wanna be that guy, but BYD are not only garbage tofu cars, they are also HEAVILY subsidized by the CCP in an effort to dump on the competition.

[–] GiddyGap@lemm.ee 1 points 10 months ago (2 children)

How is that different from Tesla?

[–] jaschen@lemmynsfw.com 1 points 10 months ago

How? Teslas that are sold in China are made in China. BYD sold in the UK are made in China.

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[–] LemmyIsFantastic@lemmy.world 19 points 10 months ago* (last edited 10 months ago) (1 children)

I am shocked that a Chinese company with access to materials is selling heavily subsided EVs. Shocked! Meanwhile in the US, nobody can make them in quantity and when they do Americans don't want them. Shocked!

None of you would purchase this car to any Toyota quality wise as well. These things are sub Mitsubishi quality.

[–] BossDj@lemm.ee 3 points 10 months ago

But it wouldn't hurt if US could massively subsidize it's own cheap EV options

[–] Gazumi@lemmy.world 16 points 10 months ago (1 children)

Predicted for this quarter. Musk has been scoffing the idea, whilst watching them catch him and simultaneously shooting himself in the foot with his own plans.

[–] Tosti@feddit.nl 16 points 10 months ago (1 children)

Meh, the US will slap enough tariffs on these things to make their own Autoindustry competitive again.

So will the EU.

But china has a gigantic middle-class that can afford these things, so I hope they all switch to EV en masse.. it's a win for the planet!

[–] Gazumi@lemmy.world 2 points 10 months ago (1 children)

Tariff slapping had been tried by Trump. Very poor outcomes. There will be a more moderated approach, but we will need to see how that pans out

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[–] filister@lemmy.world 5 points 10 months ago (1 children)

And still their shares are just a fraction of Tesla's share price.

[–] Tosti@feddit.nl 21 points 10 months ago (2 children)

Company is beholden to the Chinese government, apparently that is worse than beholden to a manchid and a group of ultrarich shareholders.

[–] WhatAmLemmy@lemmy.world 11 points 10 months ago

Rather ironically, BYD is probably closer to the "value investing" (realistic) value than most hyper-inflated western stocks, which completely decoupled from reality a long time ago...

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[–] airportline@lemmy.ml 4 points 10 months ago* (last edited 10 months ago) (1 children)
[–] Buffalox@lemmy.world 3 points 10 months ago

BYD is available in most of the world, the story linked beneath is about a newer model ATTO, but Dolphin is probably even more popular: https://cleantechnica.com/2023/11/27/byd-atto-3-now-available-in-50-countries-neta-auto-enters-central-south-america/
This is an overview of their global presence:
https://en.wikipedia.org/wiki/BYD_Auto#Global_expansion

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