BYD

BYD, Sth Korea & Japan threaten US Gov to change EV new incentives

President Biden’s new electric vehicle incentive system is now under review following a formal complaint from South Korean officials. Foreign and domestic automakers were quick to criticize the electric vehicle tax incentive system found within the Inflation reduction act. Manufacturers stated that the requirements for qualifying for incentives would mean that the vast majority of …

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BYD sells more EVs than Tesla, but makes 10 times less profit

Tesla took in $35.7 billion in the first half of 2022 compared to BYD’s $21.8 billion. The difference in terms of profit is even more notable. Tesla brought in $5.6 billion in profits, while BYD brought in $0.5 billion. Tesla sells higher-priced “premium” products that offer a larger gross margin, while BYD often competes in …

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