Although Tesla once managed to stay ahead of BYD in the global race to produce and sell battery electric cars (BEV), analysts say it is only a matter of time before the Chinese auto giant takes the lead.
According to the Counterpoints study group, this could come later this year.
Other analysts are not so sure because of the unknown effect of the higher price lists imposed by the EU for at least four months on Chinese-made electric vehicles.
These price lists begin (July 5), and BYD faces price lists for vehicle imports set at 17. 4%.
“BYD’s market share is expected to increase in 2024, when it is expected to surpass Tesla in terms of BEV sales,” market research Counterpoint Research said in a July 2 report.
“This update underscores the dynamic nature of the electric vehicle market,” Counterpoint added.
In the final quarter of 2023, BYD’s BEV sales surpassed Tesla’s for the first time, at 526,409 and 484,507 units, respectively.
However, Tesla regained the top spot in BEV sales in the first quarter of this year with 386,810 units sold, 86,696 more than BYD’s 300,114 units.
In the just-completed second quarter, BYD continued to rank second in BEV sales to Tesla, but the sales gap narrowed significantly.
Tesla delivered 443,956 cars in the 3 months leading up to last Sunday. This represents 17,917 cars more than BYD’s BEV passenger sales of 426,039 cars in the same quarter.
In total, Tesla delivered 104,000 more BEVs in the first six months of this year (830,766) than BYD’s 726,153Array.
It will be difficult to catch up over the next six months, even if BYD grows quarter after quarter.
Tesla’s figures include around 104,000 units of the Cybertruck pickup truck, while BYD’s figures for this quarter and next will be bolstered by production and sales from a joint venture in Uzbekistan and production from the new Thai factory, which will go into operation this week.
The Thai factory is wholly owned and will have a capacity of 150,000 aircraft each year. It is very likely to be used to export BYD cars to Australia, just as Ford, Honda and Toyota use Thailand to ship cars to Australia and other Asian markets. This factory will be one of the most important in the BYD range.
The joint venture in Uzbekistan will have an annual production of 50,000 cars, all of them destined for Central Asian countries.
BYD’s NEV sales are more than double those of Tesla when PHEVs are included.
BYD’s passenger BEV sales totaled 726,153 in the first half, a year-on-year increase of 17. 7%. Passenger PHEV sales rose more than 39% to 880,992Array
Counterpoint expects global BEV sales to reach 10 million units by 2024, a milestone for the global passenger vehicle market. Total sales of electrified cars will exceed 17 million, according to the International Energy Agency’s April forecasts.
Additionally, China will account for more than 50% of BEV sales through 2027 and is expected to sell more BEVs than North America and Europe combined through 2030, according to the report.
From 2025, Europe and the United States will begin to be the main drivers of growth, Counterpoint said.
Receive updates directly to your inbox.
Terms of use | Privacy Policy | Contact | Show
Overall increases for Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at the rare Deep Leads ion adsorption clay (IAC) earth deposit Leads in northern Tasmania. The accumulation at MRE comes from 36 assayed extension wells, representing significant northward extension to the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding MoUs in the 10-day area. Ford Company (Ford) signed a memorandum of understanding for around 25,000 t/year and last week, Hanwa, a Japanese raw materials trader, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are set to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, if Ford and Hanwa inject new capital into LKE, further de-risk the project financing and thus ensure that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for extension of the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade SOP Tier 1 production center around Lake Throssell.
TMG is currently completing work for the planned PFS in early 2023, adding start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of those systems will affect the PFS and any long-term resource upgrades.
SOP benchmarks have increased to approximately $940/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and included a sensitivity study showing that every 10% increased value effects resulted in a +$144 million increase in task NPV of 364 millions of dollars. The approximately 70% increase compared to the scoping study implies an NPV of the allocation of approximately $1. 4 billion.
Despite falling oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show improvement in its main indicators.
WT Financial Group Limited (WTL) is a developing diversified monetary company, founded in 2010 and indexed on the Australian Stock Exchange (ASX) in 2015. Its recommendations and product offerings are provided primarily through an organization of monetary advisors independents who act as legal representatives. of WTL under its broker organization businesses Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisors in over two hundred money advice companies across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect deemed it imperative to publish a follow-up report valuing the company, as the market did not see the great prospects for eftilagimod alfa (efti).
This follow-up report is published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at AU$2. 20.