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What is the gap between Tesla and BYD?

author:Zhang Shouxiao popular science

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What is the gap between Tesla and BYD?

New energy electric vehicles are the hottest emerging market in the world today, and new car-making brands are springing up like mushrooms after a rain. However, Tesla and BYD are undoubtedly the "big and small kings" of new energy electric vehicle brands, and the reputation of old drivers for the second brand of cars is mixed!

What is the gap between Tesla and BYD?

So how does the performance of Tesla cars compare with BYD cars, why do old drivers say that they can feel the similarities and differences between the two cars when they get on the highway, and how will these two companies lead the development of the new energy vehicle industry in the future?

1. The development history of BYD and Tesla

BYD and Tesla are riding the wave of new energy electric vehicle development and realizing the take-off of industrial market value. The similarity between the two companies is that they were not engaged in the automobile track at the beginning.

BYD was founded in February 1995 as a consumer battery production company. It is mainly used in the production and manufacturing of lithium batteries such as notebooks and mobile phones.

What is the gap between Tesla and BYD?

With the continuous increase of BYD's market value, it coincides with China's preferential policies and financial subsidies for domestic automobiles. In order to achieve China's fuel vehicles to catch up with the world's advanced technology, this is the "halfway home" and the acquisition of Qinchuan Automobile to enter the traditional fuel vehicle market.

In the subsequent development process, the traditional fuel vehicles produced by BYD have been tepid. What really makes its industry take off is the rapid progress of lithium battery technology, which greatly improves the mileage and cycle times, making it possible for new energy electric vehicles to come out.

BYD itself has the most advanced new energy electric vehicle battery manufacturing technology in China, and has mastered a complete industrial line from battery production to vehicle assembly. With the advantages of a complete industrial line, it can help BYD reduce costs and increase efficiency in the production process to the greatest extent and improve its market competitive advantage.

What is the gap between Tesla and BYD?

BYD has achieved economic take-off with new energy electric vehicles, and its car sales in 2023 have reached an astonishing 3.024 million units, with total revenue exceeding 602.3 billion yuan.

In addition to domestic sales, BYD cars have also gone abroad. Help the mainland achieve a breakthrough in Japan's automobile exports, and help the mainland to reach the top of the world's automobile export countries.

Tesla's road to success for new energy vehicles is similar to BYD's. It was not a traditional automobile company at the beginning, but a new energy company.

For Musk, there was no great hope for Tesla at first, and his focus was still on the airline Space X. It is an attempt to realize the aerospace dream of ordinary people and realize the commercialization of ordinary people's aviation journey.

What is the gap between Tesla and BYD?

However, the follow-up revenue situation of Space X is not optimistic, and Musk can only sell other assets to fill Space X's revenue dilemma. With the gradual rise of the new energy electric vehicle market, Musk sees its deep development potential.

Tesla has taken a different path and moved Tesla's electric vehicle factory to China. With China's cheap labor resources, the cost of new energy electric vehicles has been greatly reduced. In the end, the market value of the industry took off, and he also became the first richest man with the success of Tesla.

Today, Tesla and BYD are undoubtedly the two most successful car companies in the new energy electric vehicle market, with a large number of users and supporters. However, due to the difference in corporate philosophy and market positioning, the evaluation of the two in the mouth of consumers is also mixed.

What is the gap between Tesla and BYD?

So what are the differences between the car performance of these two car companies, and which car has better performance?

2. Comparison of BYD and Tesla vehicle performance

As BYD Auto begins to go abroad, its direct competition with Tesla will continue to deepen in the future. However, the manufacturing process of the two cars is different in terms of battery, motor and electronic control.

First of all, in terms of the production technology of new energy electric vehicles, the two companies are obviously different. One of the most significant differences is the difference in the raw materials for new energy electric vehicle batteries.

BYD uses a more traditional lithium iron phosphate battery, which is mainly based on blade batteries. Moreover, the superposition method is used to superimpose multiple blade batteries together, which has high stability and safety, and is more friendly to complex road conditions.

What is the gap between Tesla and BYD?

Lithium iron phosphate batteries have a longer service life and lower production costs, which can help BYD cars reduce their prices.

But Tesla has a completely different battery model, which uses ternary lithium round batteries. Through the series and parallel connection of thousands of cylindrical lithium batteries to form a battery module, the advantages and disadvantages are obvious.

The advantage of this type of battery is undoubtedly that it is more powerful, so it is faster in the acceleration process of the car, and the charging and discharging efficiency is also higher. Compared with traditional fuel vehicles, its speed performance is not too much.

However, the disadvantages are also obvious, and that is due to the high precision and high density of the battery. If the charge and discharge are not used properly, it is very likely to cause a short circuit in the battery, and the stability and safety are lower than that of the superimposed blade battery.

What is the gap between Tesla and BYD?

Moreover, its service life and safety are a little worse than that of blade batteries, and the cruising range is relatively short.

Many veteran drivers said that they can perceive the difference between the two models at high speeds. Tesla is faster at high speeds due to the higher efficiency of its batteries. Overtaking acceleration is more rapid, but the disadvantage is poor battery life.

When driving on the BYD Highway, the driving experience is more stable. However, overtaking acceleration is a little difficult, but the range performance is better, and the two have advantages and disadvantages to each other.

The second difference between BYD and Tesla is the different focus of smart driving. Tesla, in line with traditional American technology companies, pursues more adaptability in terms of software. Therefore, Tesla has a more high-quality intelligent driving software environment.

What is the gap between Tesla and BYD?

BYD, on the other hand, is more down-to-earth and has a good tuning of smart driving hardware. Emphasizing the stability of intelligent driving to bring consumers a better driving experience.

In the distribution of major customers, the two companies are also different.

For Tesla, it's more focused on being on a global scale. Promote the brand concept and actively explore overseas markets. And with the advantage of laying the new energy vehicle market earlier, it has achieved high sales in the world and has achieved remarkable results.

For BYD, it is a steady and steady strategy of localized development and gradual overseas promotion. At present, BYD's domestic sales network has been relatively mature, and it has been actively exploring overseas markets.

What is the gap between Tesla and BYD?

In addition, there are subtle differences in the positioning of the target customer. For Tesla, the main model belongs to the mid-to-high-end new energy electric vehicles. Therefore, it contains a higher brand value premium and higher profits.

BYD is taking the civilian route and making efforts to the middle and lower reaches of the market occupied by fuel vehicles. Actively explore the online car-hailing market and take the road of small profits but quick turnover.

With the gradual saturation of the new energy electric vehicle market, the direct competition between BYD and Tesla will become more and more obvious in the future. So what is the future development prospect of the two companies, and what direction will the global new energy electric vehicle market develop in the future?

What is the gap between Tesla and BYD?

3. Future development prospects of the global new energy electric vehicle industry

For the future global market, there is no doubt that new energy electric vehicles are still the mainstream of the market, and the market for traditional fuel vehicles will be more and more depleted.

There are two main reasons for this, one is that new energy electric vehicles are less polluting and their fuel costs are lower. It is more in line with the environmental protection concept of environmental protection and sustainable development in many countries.

The second is that with the depletion of petroleum energy in traditional fuel vehicles, the cost of use will inevitably continue to rise. In the future, the new energy electric vehicle market will be more hot.

Take the mainland's new energy electric vehicle market violently, BYD swept the market. In the mid-end market, there are many new car-making forces such as Weilai, Xiaopeng, and Ideal, and traditional technology companies Xiaomi and Huawei have entered the market strongly, disrupting this troubled water!

What is the gap between Tesla and BYD?

In the future, the development opportunities of new energy electric vehicles lie in low prices and civilians, and BYD has dared to be the first. Promote the price reduction of the entire BYD Qin series, and the price war in the new energy market will be more intense in the future.

BYD has mastered the complete industrial chain from battery production to vehicle assembly, and can better adjust costs, which is also the capital that it has the confidence to reduce prices. With the decline in the price of lithium ore, which is necessary for new energy batteries in the world, the main theme of the new energy electric vehicle market in the future will be low-cost and civilian.

What is the gap between Tesla and BYD?

In terms of foreign markets, China's new energy electric vehicle "low price dumping" strategy. It will be a devastating blow to the local new energy electric vehicle industry, so some regions have boycotted China's new energy electric vehicles.

One of the more obvious is the United States, which prohibits the State Department from purchasing BYD's batteries. The gradual ban on BYD's sales in the United States is essentially to protect the rights and interests of Tesla and other local new energy electric vehicle companies in the United States.

What is the gap between Tesla and BYD?

Therefore, in the future, it will be increasingly difficult for BYD to build a complete global sales network, although it will give up the US market, but BYD can also enter the Latin American market, and its revenue will not be seriously affected.

For Tesla, an international new energy electric vehicle company, under the influence of BYD leading the wave of price cuts. Global sales growth has come to a standstill, and it has also come to a crossroads of development. In the future, Tesla may have to compromise and launch high-performance models. For the low-end market, so as to protect their own rights and interests, to ensure the stable development of the future.

What is the gap between Tesla and BYD?

epilogue

BYD and Tesla are the two most successful new energy electric vehicle companies in the world today. It uses different three-electric systems, which leads to different performance of its models. BYD cars have a longer battery life and a longer lifespan, but the power is slightly weaker. Tesla is powerful, but it lags behind in terms of endurance and life, and the perception of high-speed driving is more obvious.

In the future, the global new energy market competition will continue to be severe, and both BYD and Tesla need to change their development strategies to cope with more fierce market competition.

What do you want to say about the comparison of the performance of BYD and Tesla cars? When you buy a new car, will you choose BYD or Tesla? Welcome to leave a message in the comment area to discuss.