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BYD's Q2 EV Sales Hit New High, Expected to Surpass Tesla to Regain Global Top Spot
June NEV delivery rankings: $NIO-SW (09866.HK)$ and $ZEEKR (ZK.US)$ hit new highs, $XIAOMI-W (01810.HK)$Xiaomi Auto breaks 10,000 units, and Aito's monthly deliveries exceed 40,000.
$LI AUTO-W (02015.HK)$ 's monthly deliveries surpassed 40,000, reclaiming the top spot among new forces. Seres' monthly deliveries surged 372% year-on-year, while NIO and Zeekr both hit new monthly highs, exceeding 20,000 units each. Xiaomi, a newcomer, broke the 10,000 unit mark in monthly deliveries and is expected to continue this trend in July.
Media reports show $BYD COMPANY (01211.HK)$ sold nearly 1 million pure electric and hybrid vehicles in Q2, setting a new record. In contrast, $Tesla (TSLA.US)$ 's EV sales were 441,000 units, down 5.4% year-on-year, marking the second consecutive quarterly decline. Analysts attribute Tesla's delivery decline to a cooling EV market and outdated models.
However, driven by strong delivery numbers from Chinese EV peers like NIO and Li Auto, Tesla's stock price surged over 7% on Monday.
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deadhorse : Tesla game over. BYD defeating Tesla just matter of time
Dramericanjesus deadhorse : Matter of time? It's already happening.
RedDevil7 : The final sentence of the article is a complete bullshit. TESLA share jump high because other car makers delivered well???? Made me laugh out loud and disgusted.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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RedDevil7 : By the way, for your INFOMATION. "Spinee" is an AI based. U can tell from its article writing
ZnWC RedDevil7 : The best way to rebuke their comments about Tesla is to show them data. Tesla will be releasing Q2 delivery data soon. We can compare that with BYD Q2 sales later.
There's no surprise in BYD Q2 2024 sales - BEV growth compared to Q1 remains weak despite price cutting and NEV (new energy vehicle) export is nearly flat. Note that BYD didn't provide export data for BEV separately NEV=BEV+PHEV. Hence it is logical to assume that BEV export growth will be even smaller. The overseas NEV delivery will be further weakened when the EU imposes new tariff 20+2% starting in July.
BYD BEV Q2 2024 only +20.98% YoY and NEV export +7.7% QoQ nearly flat
https://www.moomoo.com/community/feed/112716927467526?share_code=016TXs
ZnWC RedDevil7 : Spinee won't reply our comment.
BYD stock performance after announcing Q2 sales data: -1.64% after market closed. Is the falling share price a reflection of a weaker than expected delivery will depend on what you believe in.
RedDevil7 ZnWC : People r still awaiting for the final call on temporary EU tariff finalisation (4 July)
ZnWC RedDevil7 : $Tesla (TSLA.US)$ rallies more than 9% after the Q2 delivery announcement showed that what you said about Tesla is correct.
Tesla Q2 2024 Delivery beats estimate share price surges more than 9%
https://www.moomoo.com/community/feed/112717354631974?share_code=016Vfr