BYD continues to defy expectations after sales surge to a record +$100 billion
https://electrek.co/2025/03/24/byd-defies-expectations-after-sales-surge-over-100-billion/
https://electrek.co/2025/03/24/byd-defies-expectations-after-sales-surge-over-100-billion/
8 Comments
homesweethomeMrL@lemmy.world · 10 pts · 1y
“Wait, so you wanted cheap EVs the whole time and not a $50,000 iPad on wheels??
Well make up your minds!”
-GM
BeliefPropagator@discuss.tchncs.de · 0 pts · 1y
Didn't they release falsified sales numbers previously?
schizoidman@lemm.ee · 8 pts · 1y
Source?
Buelldozer@lemmy.today · 7 pts · 1y
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 pts · 1y
What do tariffs have to do with BYD?
Buelldozer@lemmy.today · 2 pts · 1y
They could reduce their foreign sales.
ericjmorey@lemmy.world · 3 pts · 1y
The don't have any sales in the US.
Buelldozer@lemmy.today · 1 pts · 1y
The auto market is global and the US isn't the only place enacting tariffs.