New Energy Vehicles (NEVs) in China

tankphobia said:

Obviously byd is a huge player in the passenger and public transportation side of NEVs, but how do they stack up in terms of commercial vehicles? There's a huge market for electric vans to replace existing delivery vans, for example Amazon is currently in the process of replacing 100,000 of their delivery vans with rivian derived EV versions.

BYD does have a electric van in the form of the T3, but I'm not sure how well it is doing.

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tphuang said:

1 step at a time, bud. It just released T5DM, which will hopefully be launched soon and that solves their problem in the light truck market

Now, we need new solutions from them in medium sized, heavy duty trucks, commercial vans & whole bunch of other fields.

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Jan 2 (Reuters) - Tesla (TSLA.O) delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China's BYD (002594.SZ).

Tesla delivered 494,989 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over - mostly in China - suggesting that car buyers were looking for cheaper models in a high-interest-rate economy.

While the U.S. automaker's year-end sales push mostly paid off, helping it deliver 1.8 million vehicles this year, it fell short of CEO Elon Musk's ambitious 2 million annual internal target.

However, it is still ahead of BYD for the whole year. The Chinese firm delivered a total of 3.02 million vehicles, including about 1.4 million plug-in hybrid EVs.

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