Posted on 04/12/2025 9:16:28 PM PDT by SeekAndFind
In its preliminary earnings for the first quarter on Tuesday, electric automaker BYD revealed that net income could jump as much as 119% in the first 3 months of the year to 10 billion yuan ($1.4 billion), after delivering more than 1 million EVs across Q1 — up almost 60% on the same period last year.
While Trump’s tariffs have been a major bump in the road for other automakers, BYD — which had no plans to sell cars in the US owing to existing tariffs, even before this latest round — has had a pretty smooth year so far, with shares hitting a record high in March, after the company announced its market-leading superfast charging tech.
Less than a week later, execs and investors at the Shenzhen-based company had even more to cheer, after the EV giant posted 777 billion yuan ($107 billion) in sales across 2024, surpassing US rival Tesla’s annual revenue figures for the first time in 7 years.
BYD lagging TeslaTSLA $252.93 (-0.09%) on that measure has often been down to the Chinese automaker’s comparatively cheap cars, too, with one of its most popular EVs starting around $10,000. On model deliveries overall, BYD has been pulling ahead for years now.
Per numbers from CnEV, a company that tracks China’s electric vehicle market, BYD delivered just over 1 million EV units in the first 3 months of 2025, compared to Tesla’s 336,681 shipments over the same period, which disappointed investors in Elon Musk’s car company. Although Tesla’s recent struggles around the world have certainly led to more daylight between the two EV makers in recent months, the gap has looked increasingly difficult for the American automaker to close ever since it first ceded the lead in 2022.
In bad news for Tesla execs and investors, some worry that tariffs might only widen the gulf between the two.
Speaking with the New York Post recently, Wedbush analyst Dan Ives said that they were “probably drinking champagne” at BYD headquarters as Trump announced the tariffs, adding that the new restrictions only “accelerate BYD’s success,” and estimating that the tariffs could force additional costs of as much as $100 billion on automakers like Tesla each year.
Investors took note of the company’s better-than-expected preliminary results, pushing shares up as much as 7.8% on Tuesday, with BYD up ~20% so far this year, while Tesla has declined more than 40% in the same period.
Nobody is buying these. China is in an economic death spiral and this number is hilariously inflated.
Are you paid by the CCP? Your posts tend to be focused on foreign countries.
I was surprised to discover that BYDs are being sold here in Japan !
Hey, it’s the ChiComs. So I completely trust any data they might put out.
It’s a Great Electric Leap Forward!
RE: Are you paid by the CCP?
Posting an article now equates to being paid by the CCP? How does your logic work?
Your posts tend to be focused on foreign countries.
NOPE. My Posts are diverse. You probably haven’t seen my other posts.
If Donald Trump is successful and fair trade deals with countries like Australia and New Zealand are enacted then those countries will stop importing BYD and other Chinese cars, resulting in greater losses for China.
But if those countries disregard the US incentive to tax and tariff Chinese cars, then they will feel the pressure of higher taxes and tariffs on their products to the US.
FReeper minnesota_bound posted:
BYD has bribed politicians in order to sell their electric buses that do not work.
Also BYD money laundering with gov newsom (CA) $1.2 billion tax dollars disappeared when 200,000 face masks were supposed to arrive every month starting in April 2020. Zero arrived.
BACKSTORY BYD was in a joint venture w/ Mercedes-Benz which has now completely withdrawn from that venture, leaving BYD as the sole owner of the Denza brand. In 2010, BYD and Mercedes-Benz (then Daimler AG) formed a 50/50 joint venture called Shenzhen BYD Daimler New Technology, which focused on research and development of new energy vehicles, with the brand name Denza.
Mercedes-Benz Reduced Stake: Poor sales led to Mercedes-Benz reducing its stake to 10% in 2021. In September 2024, Mercedes-Benz sold its remaining 10% stake in the joint venture, meaning BYD now has full control of the The Denza brand offers battery-electric models and plug-in hybrids, is now entirely owned by BYD.
Wikipedia BYD takes full control of Denza EV venture, ending 13-year partnership ... Sep 17, 2024 — Chinese automaker BYD Co. has taken full control of its joint venture with Mercedes-Benz Group AG ...
Bloomberg.com BYD, Mercedes-Benz tease new co-branded luxury electric vehicle. Apr 5, 2024 — Denza was founded in 2010 as a 50:50 joint venture between Mercedes-Benz (Daimler) and BYD.
Wikipedia https://en.wikipedia.org › wiki › BYD_Auto BYD is the best-selling car brand in China since 2023, after surpassing Volkswagen, which had held the title since the liberalization of the Chinese automotive ...snip
Maybe not in the states, but I’ve test driven one in Europe, and they make up for the e car driving experience with all the extra features. The BYD “feels” luxurious and like you’ve stepped into the future.
My son in law has a Tesla, which is a fine e-car, nicely finished but super simple interior, similar to a Porsche... but the Porsche feels like you’re driving something powerful and the Tesla does not. So it will come down to features, but don’t discount the BYD cars.
BYD Sweatshops Erupt in Riots, With Thousands on Strike for Several Days
https://www.youtube.com/watch?v=UUR3-KNHz4Q
At the time, San Francisco Mayor Newsom took a bribe to have BYD buses as have other politicians.
BYD bribing politicians here since at least 2008.
Stalls, stops and breakdowns: Problems plague push for electric buses May 20, 2018
BYD’s electric buses are contending with a record of poor performance and mechanical problems.
https://www.latimes.com/local/lanow/la-me-electric-buses-20180520-story.html
L.A. Times Investigation Tells Sad Story of Attempts to Electrify the City’s Bus Fleet
https://reason.com/2018/05/22/corruption-incompetence-characterize-los/
The paper found city officials have spent $330 million and don’t have much to show for it. 5.22.2018
A quick update on Los Angeles’ plan to electrify its bus fleet: The government has now spent millions of dollars on shoddy, nonfunctional vehicles from a manufacturer that transit officials had a direct financial interest in supporting.
The Times also found that some of the officials responsible for awarding grants to BYD owned BYD stock, attended BYD-funded junkets, or received tens of thousands in campaign contributions from BYD.
While has BYD proved to be a deft influence peddler, the Times reveals that it is a less than sterling bus manufacturer. When the first five BYD buses hit Los Angeles’ streets in 2015, the vehicles averaged only 59 miles between charges, despite promises they could reach ranges of 155 miles. (Normal Metro buses have a range of about 385 miles before needing to refuel.)
The BYD buses also stalled going up hills and required service 10 times more frequently than other Metro buses.
I’ve seen these cars in Japan, Indonesia, and ithe parts of Asia as well as popping up in Europe. They definitely are selling, but as the article says, they aren’t targeting the USA yet
Like Australia?
Australia due to free trade agreements has no tariffs against the USA. Under the Australia-United States Free Trade Agreement (AUSFTA), effective since January 1, 2005, Australia does not impose tariffs on most U.S. goods. Over 97% of Australia’s non-agricultural exports to the U.S. and two-thirds of agricultural tariff lines became duty-free upon the agreement’s entry into force. However, certain products may still face non-tariff barriers, like biosecurity restrictions (e.g., on fresh beef due to past mad cow disease concerns) or quotas for specific goods like dairy, where tariffs could apply if quotas are exceeded. Additionally, Australia applies a 10% Goods and Services Tax (GST) on most imports, including U.S. products, but this is a consumption tax, not a tariff, and applies equally to domestic goods. Some posts on X claim Australia has no meaningful tariffs on U.S. goods, aligning with the trade agreement’s terms.[](https://www.dfat.gov.au/trade/agreements/in-force/ausfta/australia-united-states-fta)
And the USA runs a surplus against Australia. U.S. goods imports from Australia totaled $16.7 billion in 2024, up 4.7 percent ($745.7 million) from 2023. The U.S. goods trade surplus with Australia was $17.9 billion in 2024, a 1.6 percent increase ($279.7 million) over 2023.
It looks like the USA already has a fair trade deal with Australia
If too many people buy EV’s then the lights will definitely go out. The infrastructure won’t begin to handle it. And there is far from enough power production.
I saw a BYD driverless bus at Haneda but with a driver. Japanese people are not into EV after the Great Tohoku earthquake. I hope they stop importing craps. Japan is the new dump ground now that China can’t sell it to the US.
I saw a BYD driverless bus at Haneda but with a driver. Japanese people are not into EV after the Great Tohoku earthquake. I hope they stop importing craps. Japan is the new dump ground now that China can’t sell it to the US.
“Nobody is buying these. China is in an economic death spiral and this number is hilariously inflated.
Are you paid by the CCP? Your posts tend to be focused on foreign countries.”
Have you been to China? There are BYD cars everywhere.
Does delivered equal sold?
My guess is no
“but as the article says, they aren’t targeting the USA yet”
That’s because Biden put 100% tariff on them.
Musk on BYD...
“Tesla CEO Elon Musk on Wednesday warned that Chinese automakers will “demolish” their global competition without tariffs or other trade barriers.
His comments come after Chinese electric car company BYD, which makes cheaper cars and is backed by Berkshire-Hathaway, surpassed Tesla as the top-selling EV company last quarter.
Chinese automakers were the “most competitive” and “will have significant success outside of China, depending on what kind of tariffs or trade barriers are established,” Musk told investors on a post-earnings call on Wednesday.
“If there are no trade barriers established, they will pretty much demolish most other car companies in the world,” he said. “They’re extremely good.””
I’m sure these cars have all sort of spying and surveillance equipment that’s sent CCP data centers. There’s probably a kill switch that CCP can turn on and used to deactivate the engine or the driver.
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