The explanation here is that EREVs are blowing up in China and in other developing-world export markets so BYD is shifting their overall focus to emphasizing them, while Tesla has no choice but to keep selling BEVs.
> BYD sold 145,179 units of passenger BEVs in June, up 13.25 percent year-on-year but down 0.83 percent from May.
> It sold 195,032 passenger PHEVs in June, its fourth consecutive record high since March. That’s up 57.93 percent year-on-year and up 5.94 percent from May.
Basically Tesla has hit BEV demand headwinds whereas BYD, faced with the same problem, is like “lol np we also make EREVs”.
Remember, BYD uses the same cells, motors, and fundamental platforms for nearly all of their NEVs, so it’s all one pool.
TreefingerX
That’s not possible. Reddit told me Tesla is doomed!
4 Comments
Let’s just ignore all those PHEVs!
Copying my comment from the other sub:
The explanation here is that EREVs are blowing up in China and in other developing-world export markets so BYD is shifting their overall focus to emphasizing them, while Tesla has no choice but to keep selling BEVs.
Overall Tesla [has a decline in sales](https://insideevs.com/news/727334/top-electric-carmakers-sales-2024q2-tesla-byd/) while BYD kept steaming forward. If you follow the recent sales data, [this becomes quite clear](https://cnevpost.com/2024/07/01/byd-nev-sales-jun-2024/):
> BYD sold 145,179 units of passenger BEVs in June, up 13.25 percent year-on-year but down 0.83 percent from May.
> It sold 195,032 passenger PHEVs in June, its fourth consecutive record high since March. That’s up 57.93 percent year-on-year and up 5.94 percent from May.
Basically Tesla has hit BEV demand headwinds whereas BYD, faced with the same problem, is like “lol np we also make EREVs”.
Remember, BYD uses the same cells, motors, and fundamental platforms for nearly all of their NEVs, so it’s all one pool.
That’s not possible. Reddit told me Tesla is doomed!
Making, yes. Selling, not so much