BYD is the second-largest EV carmaker. Volkswagen is third. Tesla is the largest. This is not counting
BYD released production and sales data for 2021.
BYD made almost 323,000 EVs in 2021. Tesla produced 930,000. Tesla made 2.8 times more EVs than BYD.
In December, BYD made 46,000 EVs and Tesla made 120,000. Tesla made 2.6 times more EVs than BYD in December.
Tesla is at a runrate of 1.4 million EVs in December and BYD is at a 546,000 annualized EV runrate.
BYD will likely make 800,000 EVs in 2022 but could ramp to 1 million if everything went well for them.
Tesla will make 2 million EVs in 2022 but could reach 2.5 milion if everything went well.
BYD has about 14% gross profit versus Tesla at 27% gross profit margin. BYD did have 19% gross profit in 2020 and about 15-16% in 2018-2019.
BYD sells EV mainly in the US$20k-40k price range.
Tesla is pricing at about $40000 for the Model 3 in China and $55000 for the Model Y.
#BYD #NEV Dec sales: 93,945.#EV PV: 48,317#PHEV: 44,506
Production: 92,030#EV PV: 46,588#PHEV: 44,320
(BYD via HKEX) https://t.co/od5yZNerDf pic.twitter.com/6bTUfbPH37— Moneyball (@DKurac) January 3, 2022
Xpeng had 16000 EV sales in December and 98000 for 2021.
Nio had 10489 EV sales in December and 91429 for 2021.
Xpeng had about 3 times less sales than BYD in December and about 3.3 times less for the year.
Xpeng had about 7.5 times less sales than Tesla in December and about 9 times less for the year.
Nio had about 11 times less sales than Tesla in December and about 10 times less for the year.
Xpeng might be able to scale to 350,000-500,000 EVs in 2022. Xpeng is at a 192,000 annualized runrate for December, 2021. Nio has to overcome some issues to get growing again.
Hozon Auto also had over 10,000 EV sold in December.
Hozon makes :
The Neta N01 is a subcompact CUV launched in 2018.
The Neta U is a compact CUV launched in 2019.
The Neta V is a subcompact CUV launched in 2020.
The Neta S is a compact sedan launched in 2021.
They have about 35 kwh battery packs and 250 miles of range and are priced around $20,000-30,000.
#China #EV startup Dec deliveries
#XPeng: 16K #Lixiang: 14,087 #NIO: 10,489
4⃣#Hozon NETA: 10,127
5⃣Leap Motor: 7,827
6⃣#Weima: 5,062
2021#XPeng: 98,155 #NIO: 91,429 #Lixiang: 90,491
4⃣#Hozon NETA: 69,674
5⃣#Weima: 44,157
6⃣Leap Motor: 43,121
(OEM data) pic.twitter.com/bs8fdpDR47— Moneyball (@DKurac) January 3, 2022
VW #China ID. series Dec deliveries: 13,787
Mar-Dec deliveries: 70.625
(OEM) https://t.co/QrTTfXCKFP— Moneyball (@DKurac) January 3, 2022
SOURCES- BYD, DKurac, Xpeng, Tesla
Written by Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
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