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Transcripts For BBCNEWS Asia 20240705

to cement its position in the top spot. the company s deliveries are the closest estimation to its sales figures. 0ur north american business correspondent erin delmore reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that s a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand. but its lesser known chinese rival is enjoying tailwinds, including a massive domestic market, cheap labour and strong government support. and, unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around three million ....

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Transcripts For BBCNEWS Asia 20240705

the closest estimation to sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds, higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars and hybrid vehicles. even ....

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Transcripts for BBCNEWS Asia Business Report 20240604 01:33:00

Especially since both tesla and byd have slashed prices to boost sales throughout last year? boost sales throughout last ear? , , ., year? this is the important thin. year? this is the important thing- get year? this is the important thing. get the year? this is the important thing. get the other - year? this is the important thing. get the other ev - year? this is the important - thing. get the other ev makers, byd and tesla ignited a price war around the world. byd has the batteries and low cost in terms of wages at about 20,000, $25,000 per worker every year at tesla has scale and capabilities and chiding a work and automation to get to be able to compete. it is going to be interesting for the tesla has bigger margins to date but thatis has bigger margins to date but that is something that is going to be in contention for all of 2024. less tax breaks in the us, tesla will start to stop qualifying for them as we go into the new year but you will see other incentives coming into p ....

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Transcripts for BBCNEWS Asia Business Report 20240604 03:33:00

Actually make from sales, especially since both tesla and byd have actually slashed prices to boost sales throughout last year? well, this is the important thing forget the other ev makers. byd and tesla ignited a price war around the world. byd has the batteries and the low cost in terms of wages at about $20,000-$25,000 per worker every year, and tesla has the scale and capabilities in its charging network and automation to get to be able to compete against byd s numbers. it is going to be interesting. tesla has bigger margins to date, but that is something that is going to be in contention for all of 2024. there is less tax breaks in the us, tesla will start to stop qualifying for them as we go into the new year, but you will see other incentives coming into play and also protection barriers going to happen in europe and in asia, europe and in the us, regarding byd cars entering those markets. it s going to be an interesting battle to watch. ....

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