Even the Slovaks will find out what Byd crushes Tesla
6. Apr 2025 at 10:56
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The Chinese automaker is just starting to expand.
This month, the Chinese car brand of BYD entered the Slovak market. In mid -March she launched a TV campaign. It will sell battery electric vehicles on the Slovak market – Sedan Seal, Crossover Sealion 7 and hybrid SUV SEAL U DM -I.
By the end of the year it wants to open twenty sales and service points (three in Bratislavatwo in Košice and gradually covers other regional cities).
Chinese cars are not novelty in Slovakia, MG and Dongfeng have been sold for a long time. BYD, however, will be a « different league ». It is the largest challenger of US Tesla and the flagship of the Chinese automotive industry.
Let us recall the interview of the boss of Tesla in this context Elona Muska for Television Bloomberg of 2011. When asked if he was not afraid of the BYD competition, he answered, « And did you see the car? I don’t think they have a good product. »
The biggest competitor of Tesla came to Slovakia, we were driving the Byd Seal Read
With a time of time, it is clear that Musk’s Chinese producer underestimated. BYD occupies markets around the world. Musk can convince investors that Tesla deserves a higher stock exchange award for its uniqueness, the fact is that the Byd is catching up in sales statistics and technological innovations.
In the article you can read:
- What are the economic results of Byd and Tesla and the valuation conditions at their shares,
- who is behind the bye of the BYD car manufacturer,
- as technologically catching up to Tesla.
Builds factories in Hungary and Turkey
The Byd, founded in 1995, was founded by Wang Chuan-Fu, a starting entrepreneur, has a third share in the Chinese electroauut market. This is significantly more than a pair of his closest rivals SAIC and Tesla, which serves six percent of the market. The advantage of Byd is a large product portfolio, which includes batteries, hybrids, supplies and buses.
Chinese leader with Tesla compensates for a leading position in the world market. Musk’s company once dominated it, but that’s the past. Last year, the Byd sold 1.76 million electric cars, while Tesla 1.79 million. In the last quarter of her American competitor, she even overtook.
Including hybrids, up to 4.27 million vehicles sold globally last year. This is already the level of the Ford car, which also sells cars with an internal combustion engine. The Chinese company still sells a large part of the domestic market production, but is rapidly expanding abroad. He expects to sell five to six million vehicles this year.
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