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Tesla Stock versus BYD Stock: Tesla Is Growing Quickly, But Its Electric Vehicle Rival Is Catching Up

ByRoman Frąckiewicz

Jan 9, 2022

Sales of Tesla vs. BYD

Tesla is the globe’s largest electric vehicle manufacturer, with 308,600 units delivered in the 4th quarter, up from about 241,300 in the third quarter, 201,250 in the second, and about 184,800 in the first. BYD, on the other hand, is catching up. In December, BYD was able to sell 93,945 new energy vehicles, up 218 percent over the previous year. This was up from about 91,129 NEVs in the month of November, but it ended a 6-month streak of about 10,000 EV/hybrid sales increases. Last month, China’s stringent lockdown of Xi’an province disrupted some BYD production, although the company is apparently close to returning to normal operations.

Personal vehicles accounted for 92,833 of the 93,945 automobiles sold, up 232 percent over the previous year. EV sales increased by 155 percent to 48,317, while the plug-in hybrid sales increased by 477 percent to 44,506. Due to a new, DM-i system, that is fuel-efficient and gives a significant battery range, hybrid sales have surged.

The plants were supposed to start building Model Y crossovers by the close of 2021, but that didn’t happen. The Austin and Berlin facilities, on the other hand, will certainly come online soon, gradually building up production. In Q4 2021, Tesla will have reached a 1.2 million yearly run rate.

BYD is also ramping up its electric vehicle production. In a recent investor conference call, the business stated that its NEV sales target for the year 2022 is 1.1-1.2 million units, with 500,000-600,000 PHEVs and 600,000 EVs. This is an increase from 600,000 in 2021. However, given that flat sale from November equal a yearly run rate of about 1.08 million NEV vehicles, the prediction appears modest.

By Q2 2022, BYD plans to open three more factories, increasing capacity by 500,000 vehicles. All of this means that BYD may produce 1.5 million or additional electric and hybrid vehicles. China’s Xi’an Covid lockout appears to have hampered some BYD output.

Electric Vehicles: BYD vs. Tesla

Tesla keeps things simple by producing only four electric vehicles: the Model S sedan and the SUV, as well as the Model Y crossover and Model 3 sedan. Model 3 and Model Y account for the great bulk of the vehicles. The Roadster, Semi, and Cybertruck have all been hyped by Tesla as future vehicles for a long time. Those, on the other hand, have been repeatedly postponed. Tesla’s most recent goal is for Cybertruck to commence production in late of the year 2022, with volume production following several months later. To be feasible, all 3 vehicles may require significant advancements in battery technology or batteries. Tesla is having technical difficulties mass-producing the 4680 battery.

BYD, on the other hand, offers a bevy of models, including the primary BYD Han sedan and the fast-rising compact Dolphin, both of which have electric and hybrid versions. In the coming year, the carmaker will introduce several new models.

BYD is expected to launch a new premium brand during the first half of the year 2022, featuring a luxury SUV crossover as its first model.

 

EV Markets: Tesla Stock vs. BYD Stock

While Tesla’s production capacity is expected to grow, the company has no big new markets or models planned shortly. Meanwhile, global car production is expected to rebound in 2022, with electric vehicle production increasing, particularly in crossovers. This might put downward pressure on Tesla sales and, in particular, pricing. New EV incentives in the United States might raise Tesla demand even more at home. However, there is a rising chance that Congress will reject them, putting the entire legislative package in jeopardy.

BYD’s vehicle facilities are in China, and the country accounts for nearly all of the company’s sales. In terms of EV sales in China, BYD easily outsells Tesla. BYD has a variety of markets to develop into, which is a plus. It has only recently begun selling the Tang SUV in Norway, laying the groundwork for a far broader growth across Europe. It is sending some electric vehicles to Latin America. It also has a lot of plans for Australia.

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