Quote from: Iranus on July 19, 2025, 09:09:22 AM

China is even leading the global electric vehicle industry thanks to its diverse models and competitive prices, from low to high segments, which can meet all user needs.

According to the IEA, by 2024, total electric vehicle sales by Chinese automakers reach more than 11 million vehicles, accounting for 55% of the global market share. Meanwhile, revenue from US companies sold only 1.9 million vehicles and accounted for 10% of the global market.

China is outperforming all because its diversity and scale of production allow they to reach a wider range of customers rather than just focusing on the upper class like US companies are pursuing.

It's the revenue that matters in this case, not the number of cars sold. Because BYD obviously and as a strategy, sells for very cheap. For example, they have a model that is like 16-17k dollars here, whereas tesla is 40k dollars, so they need basically twice as many sales as Tesla to make the same revenue at the very least.

And they are doing much worse when it comes to revenue. They are selling 55% of the cars, but how much of the revenue are they making? I can tell you that a lot less. That is literally why they are getting subsidies from the government, Chinese party keeps them alive, by paying them to stay alive. Not that they are doing terrible, of course they are making money, I just mean, they are not run like any other company, they are like one nations whole government backed company, so it makes sense how they can survive.