Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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BYD continues to defy expectations after sales surge to a record +$100 billion (electrek.co)

submitted 11 months ago by schizoidman@lemm.ee to c/electricvehicles@slrpnk.net

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[–] Buelldozer@lemmy.today 7 points 11 months ago (1 children)

I'm not the person you asked but I was curious so I looked it up and BYDs sales numbers have previously been under suspicion.

https://www.autoevolution.com/news/byd-most-likely-faked-its-2022-sales-numbers-real-sales-could-be-much-lower-210761.html

That doesn't prove they were lying then nor does it mean they are lying now.

Also, while BYD's FY2024 revenue was impressive their gross margin fell from 21.9% to 17% and that isn't sustainable now that the tariff headwinds are a blowing.

[–] ericjmorey@lemmy.world 2 points 11 months ago (1 children)

What do tariffs have to do with BYD?

[–] Buelldozer@lemmy.today 2 points 11 months ago (1 children)

They could reduce their foreign sales.

[–] ericjmorey@lemmy.world 3 points 11 months ago (1 children)

The don't have any sales in the US.

[–] Buelldozer@lemmy.today 1 points 11 months ago

The auto market is global and the US isn't the only place enacting tariffs.