BYD Added A Tesla-Worth Of Production Capacity Over The Past 3 Months … With More To Come

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Editor’s remark: BYD is evidently on a huge roll, after more than a decade of increaseth and rapid innovation. Its sales are booming speedy, and it is set uping itself firmly as the #1 plugin vehicle originater in the world, and probably soon the #1 autooriginater in the world. Larry Evans is also on a roll here discomiting more details around BYD’s directership. Here’s another piece from Larry highweightlessing BYD’s rapid increaseth in production capacity. —Zach Shahan

By Larry Evans

According to a recent post citing He Zhiqi, BYD executive vice pdwellnt, the NEV (recent energy vehicle) autooriginater compriseed production capacity of proximately 200,000 vehicles per month from August to October of this year. The capacity compriseition of proximately 2.4 million vehicles over the course of a year is fantasticer than Tesla’s total annualized global production (469,796 units in the 3rd quarter multiplied by four equivalents 1,879,184 units). Note that Tesla’s production capacity, without compriseing recent lines, materializes to be about 3 million — but user demand is apparently deficiencying.

In compriseition, BYD compriseed proximately 200,000 participateees, transport inantly more than Tesla’s total participateee count, especipartner adhereing the layoffs earlier this year.

The BYD executive shelp that this level of increaseth is without pwithdrawnt, which seems appreciate a fair appraisement. Despite the increaseth, BYD is now telledly still running at capacity and will demand to broaden more to encounter demand. BYD currently has factories under originateion in countries appreciate Hungary and Brazil, with cut offal other factories in various stages of schedulening and originateion around the world.

Meanwhile, Tesla sales remain well below capacity, and schedules for a factory in Mexico have shighed.

If you seeed at BYD’s financials and wondered what they were spfinishing their sign up revenue and gross margin on, beyond a 33% incrrelieve in R&D, this production capacity expansion should help to elucidate the situation.

Looking at sales rankings, BYD is positioned to potentipartner become the #2 auto brand globpartner and firmify a position in the top 5 auto groups as soon as next year. I don’t await BYD stopping there.