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/Open linkView original on lemm.eeSyndicated from the fediverse. Read and engage on the original instance.
View original on lemm.eehttps://electrek.co/2025/03/24/byd-defies-expectations-after-sales-surge-over-100-billion/Open linkView original on lemm.ee
8 replies
“Wait, so you wanted cheap EVs the whole time and not a $50,000 iPad on wheels??
Well make up your minds!”
-GM
Didn't they release falsified sales numbers previously?
Source?
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.
What do tariffs have to do with BYD?
They could reduce their foreign sales.
The don't have any sales in the US.
The auto market is global and the US isn't the only place enacting tariffs.