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2011: Elon Musk couldn’t stop laughing about BYD.
Now, BYD is on the cusp of surpassing Tesla as the world’s #1 pure EV carmaker.
Americans have been laughing at China for 25 years. And losing every fukkking time.
— S.L. Kanthan (@Kanthan2030) December 28, 2023
US government-funded projects always fail miserably. Tesla was always a scam company designed to eat up public funds and then hype out stock prices.
Elon Musk is a yipper and a Diablo IV player (he’s been playing Diablo IV for months on end), and the Chinese are very serious about winning.
CNN:
China’s BYD sold a record number of cars in 2023, moving it closer to displacing Tesla as the world market leader for electric vehicles.
The Chinese company posted a 62% surge in global sales to just over three million units last year, compared to 2022, according to a stock exchange filing.
BYD sold 1.57 million battery electric vehicles (BEVs) last year, up 73%, as well as 1.44 million hybrids, 52% higher than the previous year.
Tesla is due to unveil its full-year sales figures as early as Tuesday. Analysts expect the US EV maker to have roughly met its annual delivery target of 1.8 million BEVs. It does not sell hybrids.
In 2022, BYD trailed Tesla in global BEV sales by about 400,000 units. The gap is expected to have narrowed last year. And in the most recent quarter, BYD may have already overtaken Elon Musk’s company.
Beijing has set a target that at least 20% of new cars sold annually by 2025 should be new energy vehicles (NEVs), which include BEVs, plug-in hybrids and hydrogen fuel cell vehicles. By 2035, the government says, NEVs should become the “mainstream” of new car sales.
The first goal was achieved in 2022, about three years early. The second may also be reached earlier than expected.
In the first 11 months of 2023, 8.3 million units of new energy vehicles were sold, accounting for more than 30% of total car sales, according to data released last month by the China Association of Auto Manufacturers.
Miao Wei, former minister of China’s Ministry of Industry and Information Technology, said at a car forum in November that the government’s NEV penetration target of 50% by 2035 is likely to be achieved by 2025 or 2026 at the latest, according to state media.
Whether or not electric cars are even a good idea is debatable, but there is probably a place for them in ultra-urban environments which become very smoggy. China’s air has cleaned up massively since they started pushing electric bikes to replace the classic 90cc Hondas that have been a staple of Asian transport since the 1970s.
Obviously, the fact that you still have to burn “fossil fuels” to power electric cars defeats the moronic “global warming” arguments. However, if the cars are affordable, there is an argument about air quality, particularly in extremely crowded cities.
#BYD President Chuanfu Wang delivered cars to owners in Dubai, UAE. pic.twitter.com/UaEAwYHpLN
— ThinkerCar (@thinkercar) December 26, 2023
