BYD Qin:
BYD Qin - Wikipedia, the free encyclopedia
BYD e6:
BYD e6 - Wikipedia, the free encyclopedia
Buffett and Munger (w/ Sokol) should have looked into Tesla back in 2008.
Actually advancing of BYD is really positive as it will accelerate rapidly acceptance of EVs in China. Nevertheless BYD and Tesla will not be in competition for a really long time, I mean really long even After Model E.
Anyway BYD could be widely accepted in China as there are many people across Chinese web excited about BYD. It will receive government subsidiaries it is domestic manufacturer and will be affordable for poor Chinese.
The reason is that Tesla is in upper segment Sport cars, Luxury Sedans, luxury SUV, Mid-level sedan with technological advancements which outdates even biggest German car manufacturers. BYD is low cost and low quality Chinese car.
Have you ever seen Chinese car? I drove one from other big Chinese manufacturer –Great wall similar to BYD but with IC Engine. This company is trying to expand in Europe trough Bulgaria. They even have a facility here. The point is that Chinese cars are really low quality with no exceptions. Furthermore there are many people in Bulgaria who bought different models of Chinese cars. The overall results are that even old Solviet cars like Lada and Volga(most of you have never heard of them) were much better. Still they are the cheapest cars in the market 10k EUR for brand new. Bulgaria is poorest country in EU there is certain market for them. But actually even poor Bulgarian prefer to buy second hand car then new Chinese car. Probably Bulgaria is the test gateway for Chinese car manufacturers to make experiments as I have seen also small quantities of other Chinese cars. One thing is common for all of them- terrible quality.
BYD just do not have a chance to sell any numbers outside of China for 10+ years in my opinion. Probably they can in Africa but no in Europe and US. In China they will do well because poor Chinese do not mind to drive poor cars. Anyway I do not see Tesla entering low cost segment neither BYD to enter higher segment.
One more thing the e6 based price $30 000 with subsidiaries but similar Chinese car with Internal combustion engine costs in Bulgaria 10k EUR brand new and nobody wants it.
They are light years behind Tesla in terms of quality and technology.
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