TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 OXY
Occidental Petroleum
-- 47.130 AMD
Advanced Micro Devices
-- 119.210 
BYD moving up to higher margin premium EV segment
BYD to challenge Land Rover, Porsche with new EV brand Fang Cheng Bao offering SUVs, sports cars between 400,000 yuan (US$54,800) and 600,000 yuan.
New brand will capture another segment of the EV market. It will earn a higher margin for this segment.
It will pit BYD against the likes of Toyota's Prado, Land Rover and Porsche.
The new Fang Cheng Bao brand will offer electric off-road-capable sport-utility vehicles (SUVs) and sports cars.
In the off-road SUV segment, which is dominated by petrol-powered vehicles, only Great Wall Motor's Tank 500 has a plug-in hybrid version.
BYD appears to be very ambitious in expanding its production line.
BYD has historically been better known for cheaper electric cars priced below 200,000 yuan, about 30% below premium models from Tesla and Chinese competitors such as Nio and Xpeng.
In late June, BYD said it would begin delivering its Yangwang U8, a luxury car priced at 1.1 million yuan, in September. The U8’s appearance evokes comparisons with Range Rover.
$SPX Technologies (SPXC.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $BAYER MOTOREN WERK (BMWYY.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $Lucid Group (LCID.US)$ $Rivian Automotive (RIVN.US)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ $AEM SGD (AWX.SG)$ $RH PetroGas (T13.SG)$ $Rex Intl (5WH.SG)$ $Geo Energy Res (RE4.SG)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
bullrider_21
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
9174Followers
49Following
29KVisitors
Follow
bullrider_21 OP : BYD is moving up to higher margin premium EV segment. Contrast this to Tesla which is moving down to lower margin middle segment.