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Editor’s notice: BYD is clearly on an enormous roll, after greater than a decade of progress and speedy innovation. Its gross sales are booming quick, and it’s establishing itself firmly because the #1 plugin car producer on this planet, and possibly quickly the #1 automaker on this planet. Larry Evans can also be on a roll right here revealing extra particulars round BYD’s management. Right here’s one other piece from Larry highlighting BYD’s speedy progress in manufacturing capability. —Zach Shahan
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In accordance with a latest submit citing He Zhiqi, BYD government vice chairman, the NEV (new power car) automaker added manufacturing capability of practically 200,000 automobiles per thirty days from August to October of this yr. The capability addition of practically 2.4 million automobiles over the course of a yr is larger than Tesla’s complete annualized international manufacturing (469,796 items within the third quarter multiplied by 4 equals 1,879,184 items). Notice that Tesla’s manufacturing capability, with out including new traces, seems to be about 3 million — however client demand is seemingly missing.
As well as, BYD added practically 200,000 staff, considerably greater than Tesla’s complete worker rely, particularly following the layoffs earlier this yr.
The BYD government mentioned that this degree of progress is with out precedent, which looks as if a good evaluation. Regardless of the expansion, BYD is now reportedly nonetheless operating at capability and might want to develop extra to fulfill demand. BYD at present has factories beneath building in nations like Hungary and Brazil, with a number of different factories in varied levels of planning and building world wide.
In the meantime, Tesla gross sales stay properly under capability, and plans for a manufacturing unit in Mexico have stalled.
When you checked out BYD’s financials and questioned what they had been spending their file income and gross margin on, past a 33% enhance in R&D, this manufacturing capability enlargement ought to assist to clarify the state of affairs.
gross sales rankings, BYD is positioned to probably turn into the #2 auto model globally and solidify a place within the prime 5 auto teams as quickly as subsequent yr. I don’t anticipate BYD stopping there.
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