Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.
    • NotMyOldRedditName@lemmy.worldEnglish
      41·
      10 months ago

      Teslas sept 2023 q3 operating margin was 11.18% and peaked at 16 before all the cuts. This is while ramping 2 factories.

      BYDs latest seems to be 5.33% and peaked around 9.5 in 2018 and has been under 8 since. I don’t know what BYDs factory ramping situation is.

      Ford for the past couple years has hovered a little above and below 4. Was worse further back.