Elon Musk loses leadership: Byd surpasses Tesla for sale of electric cars

In the last decade, electric cars They ceased to be a promise of the future to become a dominant reality in the automotive industry. Among the pioneers of this revolution, Teslathe company founded by Elon Muskplayed a leading role in popularizing these vehicles without fuel and high performance.

However, the global panorama is changing rapidly, and new competitors emerged strongly, especially from Asia. One of these companies is Byd (Build Your Dreams)a Chinese firm that managed to dethrone the Musk giant and is positioned as the new leader in the electric market.

In fact, and in a surprising turn for many, this company delivered more than double vehicles than its American rival and achieved a 29% increase in billing; While Tesla registered its first annual fall in device supply. Marking, thus, a key moment in the evolution of this industry.

In this line, Argentina It is joining this new trend of sustainable consumption. And, at the end of last year, the National Government announced the release of obstacles to enter electric cars to the country, although with a limited annual quota that will be gradually extended.

In this way, Byd has already requested permission to enter and market more than 1,300 units of his Seagull models, Dolphin Mini, Dolphin (electric) and Song Pro (hybrid).

Byd versus Tesla: Sales and billing

The annual financial report presented by ByD before the Shenzhen bag He reflected a result that stunned many. The Chinese firm reported the sale of 4.27 million vehicles during 2024, which represents an increase of 62% compared to the previous year.

In addition, its total turnover reached 107,000 million dollars. From this great sum, a part corresponds to plug -in hybrid cars, although the most marked growth was given in fully electric models.

For its part, and according to the annual balance published by the company in early January, Tesla delivered 1.79 million units worldwide, with income from 97.7 billion dollars. While, in 2023, he had reached 1.81 million units, marking his first year -on -year fall since 2020, according to the CNN medium.

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In turn, in the competitive Chinese market, ByD reached a participation of the 32% in sales of electric vehicles and plug -in hybrids during 2024, according to figures from the China passenger cars association (CPCA). Musk’s company, meanwhile, only retained 6.1%, even having registered a historical delivery record in that country.

“Byd has become a leader of the industry in all sectors, from drums and electronics to new energy vehicles, breaking the domain of foreign brands and remodeling the new panorama of the global market,” he said Wang ChuanfuCEO of the company, in the presentation of results.

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The electric cars of byd, the competition of Tesla

Founded in 1995 in Shenzhen, China, ByD began as a company specialized in the manufacture of rechargeable batteries. And, with a vertiginous growth, it became one of the greatest producers of this artifact in the world in record time. But everything changed when, in 2003, he took a key step by acquiring the Automotive Qinchhuanstarting its foray into this industry.

Although, the true turning point, came from the hand of Warren Buffettthe American tycoon. Who, in 2008 through his firm Berkshire Hathaway, acquired 10% of the company. This investment gave him the necessary international visibility and consolidated confidence in his technological potential.

Since then, the Chinese firm focused, almost full time, on the development of Electric vehicles and plug -in hybridsanticipating the energy transition of the sector. And, unlike other automakers, commitment to the total control of its supply chain: design and manufacture its batteries, engines and electronic systems internally. This initiative not only allowed him reduce costsbut also maintain a constant innovation.

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Its Qin, Tang or Han models, and more recently the Dolphin and Seagull, quickly gained popularity international markets. Han l and tang l are their new devices and are equipped with technology ultra -grape which allows recharging up to 402 kilometers of autonomy in just five minutes.

In addition, according to CNN, the company incorporated a new driver assistance system called “God’s Eye”available at no additional cost in most of its models, and developed to compete with the Tesla Autopilot in driver’s advanced assistance.

As for the yield, the have with whole traction offers a combined power of 1,101 horsepower, accelerating from 0 to 100 km/h in just 2.7 seconds. While, the Tang L, which shares the same propulsion system, reaches 100 km/h in 3.9 seconds in its top of the range with total traction.

In turn, the company announced the construction of more than 4,000 ultra -grape load stations In China, with the aim of improving recharge infrastructure and facilitating transition to electrical mobility. Also, in Brazil, the company is building a plant to supply the regional market.