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Chinese media say BYD demand slowing, prices cut, wait times decrease
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- Опубліковано 26 лют 2023
- Chinese media say BYD demand slowing, prices cut, wait times decrease
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#bydevs #discountingprices #evcars #evproductions
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I am a car news editor in China. As far as I know, many of Viking's information is incorrect. I put forward some of the information I got:
1. BYD didn't cut its price recently. It began to offer preferential prices gradually last December;
2. BYD currently has about 300000 undelivered orders;
3. Tesla's sales growth in China has slowed or stagnated, and the order volume is not ideal. The sales volume of model3 has declined rapidly, with more than 70% of the sales volume coming from modely;
4. The whole market is falling. The main reason is that more and more manufacturers are reducing prices. Consumers think that the price of cars will be reduced in the next few months, so they are not in a hurry to buy;
5. About 90% of manufacturers' sales are declining, and Honda, Nissan and Haval are among the major manufacturers. BYD, Tesla and Li are among the few manufacturers that are still growing.
he has a narrative of being pro-tesla and BYD is smashing Tesla in numbers, he doesnt like it.
So you say they are LOWERING prices ?
Did many cancel and go buy a Telsa ?
@@Notme-tq4xs In China, both Tesla and BYD are reducing prices, and Tesla has a larger range. Some people give up BYD and order Tesla, but the number is not large. In fact, more people think that EVs will continue to reduce prices, so they are still waiting, whether it is BYD or Tesla.
Cutting prices to get more order from the people that are thinking of buying petrol powered car. Getting orders from VW, Toyota, Nissan, Honda and etc. Hitting a killer blow to the oil car companies while they still have not get their act together. With the target for 2023 set at 4 million for BYD. All the other oil company will have to lose at least 2.2 milion cars.
I personally think that there are three reasons for BYD's price reduction: the cost reduction caused by the price drop of lithium, the intensified market competition caused by Tesla's price reduction, and the cessation of the Chinese government's subsidy for consumers to buy electric cars, resulting in the need for manufacturers to carry out a certain degree of reduce prices to make up for the extra cost of consumers.
政府补贴是直接按照销售数据补贴到车企的！so……
@@qsteven1262 no
BYD Company has issued a statement that the official price has not been lowered, and it is the dealer's personal behavior. Chinese consumers know that BYD will launch upgraded versions of several models this year, and they are waiting and watching. The dealers are doing promotions at this time.
It would be great if there was full disclosure when people write articles on any media showing who was paying them. You just can’t trust most writers anymore.
Looking forward to hopefully seeing you at Fully Charged in Sydney! My son and I are going to check it out
Good. Hopefully we’ll get good prices here in Japan. I’m ordering a Dolphin day one
yikes. why ? Put your family safety priority one.
@@Notme-tq4xs why not? It has already sold thousands all over the world. If safety was truly an issue we would hear accidents all over the world and in the media. All I see from long time owners are praises and minor problems. Price is also an issue.
@@Notme-tq4xs Are there safety issues? Domestic manufacturers downright refuse to make good EVs. What can I do?
@@Notme-tq4xs what do you mean by that, BYD blade battery are known to be the safest battery there is
@Rex Nissan hold my beer! 600,000 Nissan Leaf sold and not a single proven battery fire, yes there is one on UA-cam somewhere but no one knows the cause. However there was a BYD with that blade battery catching fire days after its crash. So no battery is perfect not even the Blade battery that used a tiny nail to try and prove its the safest battery, when I saw a UA-cam video showing one guy using a screwdriver on a fully charged Leaf pouch battery and he did not just stab it one time he stabbed it multiple times! And it still held its voltage, then he tried to burn it with a blow torch again it unfortunately failed to catch on fire 😞
you showed BYD december sales... then what about Tesla december sales?
It’s mainly with respect to older dynasty models. Ocean series are not seeing the same cuts. It’s inevitable that certain series aren’t selling as well
BYD has a new sub-brand called "Brand F"...for off-road vehicles.
maybe word has got out they are rust boxes like fiat had the same problem. at one time i wanted one not anymore because of the rust problem
BYD already stated that it was local dealer incentives and they have no plans to reduce prices. Last week BYD sold over 37,000 cars in China, Tesla sold just under 6,000.
BYD sells a lot of hybrids and low-end cars
How many of those were EVs? VW sells more cars than Telsa and BYD together. Toyota even more. So both have won? I don't think so.
Apple sells far fewer phones than the android phone makers, at the same time Apple makes more money than all the android phones makers combined. It isn't about quantity, it is about how much margin you make on each unit. It takes zero talent to make mountains of does the job products, it takes real talent to make a product everyone wishes to buy.
@@LinuxGalore Spot on.
@@markjonz Correct they sell the dolphin around $30,000 in the Philippines and nobody wants it. No demand for any EV’s except carts.
BYD and Tesla reducing prices mean trouble for the competitors. Are VW EVs even competitive 🤔
well it better be
By what mean? Volkswagen Group is still struggling with too many issues and prices are not competitive in comparison with Tesla and Hyundai Groups cars. So in Europe still after Dieselgate and mediocre Audi, VW, Seat or Skoda EV - always in relation of prices asked for - the believers still think to make a good deal. 🤪 After what this company made to Diesel industry, owners of their products and innovative small companies with new engines etc. why should I ever buy from them anything again? But seemingly people have very short memories and are still to impress by much tricky advertising and fake tests by paid journalists.
@@Lifecoach7Ra VW in big trouble
You cannot be an unbiased journalist when you own stock in both Tesla and BYD.
@@stevenjones916 you mean like the Tesla fan boy sites !
Hes having a go on BYD coz deep down inside he compares it to Tesla and for now BYD is selling much more.
Munger is 99 years old, guess will have to give him a break for losing/not remembering things like this anymore!😅
It does not matter. You can’t buy BYD cars in the US anyways.
I am nonger confident to your Tesla versus BYD.
BYD is eating into share of every carmaker. BYD said some dealerships offering discount, not officialy so viking didnt study this news properly. Even Denza sold 1500 cars most recent insurance registration in china. Viking getting frustrated his beloved tesla brand getting smoked. even charlie manger stating BYD is champion
I am nonger confident to your BYD.
This is local dealers cutting prices for a month before the new model arrives, not a BYD MSRP cut or a corporate temporary cut. Many dealers do this (especially if there are major improvements coming).
For reference BYD was the best selling NEV brand in China in January, selling 5 times as many cars overall as Tesla and 2.5 times as many pure BEV's (even with the Tesla corporate price cuts). BYD was the second best selling brand in the country overall, behind VW and had the best selling car (BYD Song). So, while the Chinese market overall might be softening, BYD currently is in a strong position.
Still waiting for BYD to breakout their EV sales on their quarterly financials.
Waiting to see if they make money on EV's and how much.
@@Notme-tq4xs Try looking at their latest margins, they are going way up whilst Tesla's are going down.
Thats all you have? BYD has already stated that it sees a net profit of 16-17 billion yuan in 2022 vs 3 billion in 2021. Thats 5x+
@@thedualtransition6070 is that on EV's or all the cars they make?
@@AlistairBalister They only make EVs, 50% BEVs, 50% PHEVs. Do some research so you don't look ignorant.
And also this is local dealer discount not BYD discounts! They don't need discounts like toyota or nissan etc
Correct. Viking didn't read into it properly.
@@ciybersal9833 partly it was cnevpost jumping tp conclusions as well cnevpost should know better before farming views
They cut their prices to stop reservation holders canceling.
Did you sell your Atto 3 for rust problems?. I watched a video of the Electric Israeli quoting you on the issue.
Thank you!!!
He sold it way before the rust problem. I think it's because of his wife cancer treatment
@@Rex-ww4cw Thank you!!
It’s likely to be new models ie like the cyber truck not in production yet or just starting to ramp up
I checked a comment on another youtube video today, it is said the rusty atto 3 is a crushed car and left at home for months.
Anyway, 3 pictures of a rusty part are not a strong evidence of what cause it. Also it is hard to beive that the No.1 EV seller have this horrible car making.
@@stevenjones916 today‘s video, check comments section. ua-cam.com/video/2PwsFueZrVY/v-deo.html
@@stevenjones916 You are the liar as you spam the comments about multiple reports, but you got no reports only this video.
The car must of been one of the first cars as the Atto 3 has only been delivered since like September 2022 or less than 6 months.
Please keep us updated on the BYD rust problem.
Check out John Cadogan's comment on this.
@@rodneyoneill75 YOU GET WHAT YOU PAY FOR!!!!!!!!!!!!!!!!!!!!!!!!Bye Japanesee or Korea Quality instead..... When you are going to sell your Chineese car it is hothing whort.....
Nothing.
Munger says BYD raising prices and Tesla lowering prices in China.
Well simple explanation: the Chinese government stopped their subsidiesw so in order to keep the price stable for the end customer, they need to cut their prices don't they?
Easy.
My attempt at being sensible is trying to balance left, right, and center when it comes to how I understand life and express myself. Sometimes not always even.
Hi mate. Have u gotten the chance to test ride a NIO or XPeng?
Increased Competition and increasing availability for the customer win!
Concerning that some domestically sold Indian and Chinese brands are not galvanised. I wonder if this is BYD's problem?
Sam I don't know how you are able to kick out so many fantastic ℹ️ videos but keep up the amazing work.
I hope your wife and boys are doing great.
You have a fantastic family.
Cheers
This is very simple why they reduce their price. The chinese government remove the subsidies for NEV a few weeks ago. So, USA is taking the lead at the moment for subsidizing the entire EV industry
So TESLA's price reduce policy worked.
@@vincecarlo Without decent competitors, the higher the price the more the profits.
Yep. It’s brought everyone to their knees.
BYD has stated only some dealerships offering discounts, not officially. So NO.
Nope, not in China where sales are still crap. And inventories are building up in Europe. Only seems to have worked in the US where there is so much less competition.
Tell Charley he's late for his embalming touch-up
We DEFINITELY have different ideas of what a 'pretty nice' van looks like. Lol.. that thing is f'n HIDEOUS, to me
ha, people don't realize how complex it is to make a quality long lasting car...vibrations, rust, electroysis .... that rust like seen in your video, that will slowly crawl all over the chassis and after ten years it is a rustbucket too expensive to repair !
Rusty cars might not be the best advertisement for byd.
I checked a comment on another youtube video today, it is said the rusty atto 3 is a crushed car and left at home for months.
@@stevenjones916 links pls, google only shows eletric viking's video.
Show us the multiple complainants that you are referring to. .. I googled like crazy and it showed the original reedit post and this channel talking about the rust.
Viking is resorting to an attack on BYD simply cus even seasoned investors like Charlie bunger stating BYD is champion. There are no other reports of rusting so please he wants to create a narrative but nobody is buying it.
@@jasonk203 Do you speak Chinese?
Why is BYD stock so stagnant? Yes it’s beating the market but for the size and potential future it’s stagnant.
China = no recourse & no oversight. Huge risk.
Papa Pig: Compared to most of the competitors' EV stocks, BYD has been relatively calm for years now. Not sure why that is, unless their lack of transparency re breaking out their financials (Chinese company, after all) makes investors more wary about bidding up their price on good EV manufacturing news for them.
But I've certainly noticed the same thing.
If it were a US or European stock and I had confidence all their business dealings and financials were reasonably accurate and transparent, then there could be great value there. As it is, who knows?
All this is just IMO, of course.
@@rogergeyer9851 had that thought. Nearly to the letter. Regardless something is making big investors leery of jumping in big even in the dip few months ago. On the other hand Buffet isn’t selling. He got in very early and said he only sold enough BYD as to zero his initial investment he made years ago. That doesn’t count as a freak out, just good basis to get his basis to zero.
BYD , the bigest 💪🏼👍🏼
Bye a Chinesee Rickshaw??????🤣🤣🤣🤣🤣
BYD is protecting market share and responding to market conditions, ... PS. Sam the world doesn't all want a Tesla. you can not compared BYD with Tesla , Tesla cars are much much more expensive. You are a Tesla stock holder, I think it's important to say that every-time you pump it.
Dwayne: He says it quite a bit, and also that he's a BYD shareholder and also that he likes BOTH brands, quite often.
Your opinion doesn't have to be his opinion.
@@rogergeyer9851 but have you ever noticed (sarcasm) that he doesn't criticize Tesla ? yet lays it on all others? He's totally bias,! it's an entertainment show, but if you are going to pump Tesla, then ethically you need to say you hold stock in the company. Tesla is far from perfect when you listen to Sam everything they do is wonderful yet if other car companies engage in that same behaviour (like price reductions as an example) he pans them and suggests they are somehow in trouble. BYD is kicking Tesla's ass.
Like smartphone,s ev,s will eventually come down to more affordable levels for the average Joe. The quicker that happens the quicker ev adoption will happen.
Smartphones came down in price? Must have missed it in the us
@@stevenjones916
And piss that savings away by spending on fuel and maintenance. Not even considering what you're likely to lose via ICEV depreciation. Who will prefer to buy your used gas burner over a used EV that costs far less to drive?
Smartphones price have been constantly increasing
@@PsychedMedia
Really? If you account for inflation and compare similar feature phones over time does your claim hold? I'm not talking about 'status' brands like Apple, but what one gets when value shopping.
@Psyched Media I'm with you. I've not seen a meaningful discount in smart phones.
$LiCY they have a big announcement at 11am I think is a goverment funding 👀
BEV demand worldwide is slowing. Demand for PHEV appears to be holding up!
@@stevenjones916 Carwow figures for UK says you are incorrect?
True! BEV will not be sold much longer, they are soon extinct. Death to clean energy!
We will still burn precious fossil ressources in 2100! You'll see.
We will burn the world.
Burn baby BURN!
Muahaha Muahaha
Bog Your Dreams
If these numbers are true, no reason why BYD is not worth $160 right now. But what about the rust issue you mentioned, no impact?
One huge reason : China , CCP.
It's not even a huge issue. Every car company has it's issue. Tesla had recall their car multiple times with it's own issue.
@@Rex-ww4cw: It's a big issue IF it is common and IF it's not just a surface rust problem. We don't know yet, and we won't.
Presumably they'll fix it, but IMO, it doesn't inspire confidence in their source metal or their processes (depending on where the source of the issue is).
And if it's just surface rust, that still should NOT happen in cars under a year old.
Nobody wants to buy a car with the reputation of being a rust bucket
Sales number proof you wrong
@@Rex-ww4cw The rust only came to light last week!
@@mickjoebills yeah and you would've seen order cancel left right and center, and yet it never happened
@@mickjoebills Viking tried to put a shining shining light last week but nothing on google. Big fail. Meanwhile BYD moves further ahead of tesla in sales.
BYD discounting cars means demand slowing or production is rammmmping up : )
I think productions ramping up is not reason to discounting.
Charlie Munger is disconnected from reality. BYD is an electric car, but it’s no tesla.
No its sells more than Tesla and the fact it has hybrids and Tesla does not means it has covers all facets of motoring worldwide and ganing share east and west at the highest run-rate of the industry.
Is BYD worried about the rust issue?
answer is a swinging "NO"........obviusly
Only viking is. Coz BYD is decimating his favourite brand so hes turning on BYD.
@@ciybersal9833 uh..he owns byd stock. the guy's been shilling rust bucket trash from China since forever
@@ciybersal9833 lol
Hopefully. Do they have the same issue with their Chinese cars? I mean BYD has been in China for a long time and this is the first time I'm hearing of this rust problem. Perhaps it's an issue because of transport? Though highly unlikely
More rust ahead????
Build Your own Rust. BYR ?
Jai Hinduja. BYD has meticulously avoid the big market to boost demand because many would expect the kind Uncle to cut off its Supply chains.
Nope, its because of the US-China tariffs and the IRA for domestically produced batteries. Much better to take out the rest of the world and leave the US as a last dish to be devoured. If the US goes after BYD, Tesla is a dead man walking in China, as will be GMs share of Wuling, Berkshire Hathaways share of BYD. We will see GM assembling small EVs in the US from kits from Wuling in China within a few years - a great way to compete with Tesla's "$25,000" car (still waiting for the $35,000 one) sometime in 2025.
@@thedualtransition6070 agree, GM actually have better cards in hand compare to the other 2 former big. It will be up to the management in Detroit to decide how to olay it well or fet screwed over. Ford is in not too bad position either, they can negotiate a deal with their Chinese partern to get some tech transfer for part to electrify their products in North America. Chrysler group is in pretty big trouble, because their tech are from Renault line( same as Nissan) renault ev is not so advance nor competetive in European market either. But, here is the thing.
Do Vikings Sleep????
He can probably get by with just 4 hours of sleep like Me.
Funny looking at the comment people thinking that BYD is going to collapse just because of a car that has rust problem. BYD is the biggest EV company and it'll live just like how people still buy Samsung phone after the blowing incident from their Note 7.
I checked a comment on another youtube video today, it is said the rusty atto 3 is a crushed car and left at home for months.
Correct, except that Note 7 problem was real and this rust problem seems to be an isolate case. Its certainly not at a level Viking wants it to become. There is nothing on google.
BYD throws in the rust for free.
U mean viking had to dig deep into google to find story of rust underneath metal sheets of single Atto3. Great. Meanwhile he stays silent on large panel gaps technology invented by tesla some ten years ago free on american made model s and model x
@@ciybersal9833 panel gap issues are for idiots.
Buffet sold most of his BYD stock @$70....
Pretty sure he only sold like 1%
@@Rex-ww4cw He sold a small amount.
byd are using bad iron
😂😂🤣🤣😂😂🤣🤣Well said!
BYD stock down today Sam - I think your rust video has gone viral!
LoL
Well he is quoted here and there on other channels.
Tesla stock down as well. Duh
@@Rex-ww4cw US market has opened yet today.
Duh.
@@kathyburgess9943 bro Google literally listed that Tesla stock went down 2.57%
The Chinese numbers are wrong. ..... 🤣🤣🤣
That’s what happens when you make rust bucket junk cars like BYD
You sold that BYD Atto 3 quick didn’t ya
To leave the country and help pay to relocate family and pay medical bills!🤔
The second hand price is higher than the new price atm, so makes sense since he was going to Thailand.
It blows. Sell it.
BYD=Rust included.
I was unimpressed with the Atto 3 and Dolphin. The interior bling looked stupid. They charge slow. Software is unsatisfactory, They don't invest in super charging. They don't have FSD as an option. The extra $15k Australian for a Model 3 is well worth it IMO.
Charging stations are national infrastructure。BYD's car charges faster than Tesla in the complete charging process。The Tesla is only on high power for the first few minutes and then back down。
The Atto III is only 400,-- less than the Model Y Standard in Europe.
@@user-hz5ib4pm1x "Charging stations are national infrastructure" only in communist countries. Not in the free world.
You pay for what you get
Is this a pro-Tesla channel?
Maybe BYD is discounting their rust bucket models before these are discontinued.
Buyers aware of carcinogen.
Hey your so called assumptions are wrong! Tesla is loosing its share in china and usa [ 6k tesla a week vs 36k byd latest weekly report ] and bYd and nio are actually ramping production. Stick to tesla no one cares but stop lying please?
@@stevenjones916 omg
True! Tesla is bankwupt in two weeks! Mark my words!
BYD and the great red CCP will rule ze world with iron mandarin fist!
Viking propoganda now targets BYD.
I'm more concerned about rust
BYD's are Inferior junk...
Not to mention the slave labor they use to assemble that Inferior junk.
Byd = expensive rustbuckets
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@@amaditempe2380 Please do you mind sharing any means of reaching out to him easily? I'm really interested
@@amaditempe2380 Ok, just found his website, impressive, Thank you.
Scam ‼️‼️‼️‼️‼️‼️
Nick Dranchak made me 10 Trillion dollars and I only put 2$ in, he is amazing! 😂😂
Stop spamming good people and be a better person............
We had the bubble, it burst in early 2022. Now we have had a bear market rally, not a good time to be taking risks.
Ripping the people with high prices. Not worth the cost.