In the first half of this year, BYD has surpassed Tesla in these two key areas
InnovateX
2023-08-29 17:52:37
2.87W
Share to:
Collect
Hot List Ranking
- Farewell to Google and Microsoft: Meta Enters AI Search Engine MarketMaud
- OpenAI has been revealed to work with Broadcom to develop AI inference chipsEvelyn
- Q3 chip profits plummet 40% Samsung wants to focus on developing high-end chipsGareth
- Bank Of Japan Holds Interest Rates Steady, Yen Strengthens SlightlyEvelyn
- New iMac Evolves to M4 Chip: Apple AI Meets Enhancement on Performances and FunctionsBonnie
On August 28, BYD disclosed its interim results for 2023, with encouraging results.。Data show that in the first half of this year, the new energy manufacturing giant's operating income exceeded 260 billion yuan, an increase of more than 70% year-on-year; net profit is a breakthrough of 10 billion yuan, an increase of more than 200% year-on-year, a very strong performance.。What's more noteworthy is that, compared to its number one rival, Tesla, BYD has achieved an anti-overtaking of the company in two areas in the first half of this year.。The first area is the gross margin of automobile sales. Due to the high manufacturing cost of new energy vehicles, car companies usually pay close attention to their gross margin level.。In addition, the increase in gross margins of car companies is usually closely related to their scale, and this indicator can also be seen as a reflection of the strength of car companies。According to industry research reports, the gross margin of new energy vehicles is generally between 10% and 20%, and Tesla, the industry leader, has seen its gross margin on car sales fall to 17% in the first half of this year due to constant price cuts..9%, while BYD continues to improve its scale efficiency at this time, raising the gross margin of automobiles and related products to 20% in the first half of the year..67%, completed the anti-Tesla。The second area of BYD's backlash against Tesla is R & D expenses。BYD invested as much as 138 in R & D in the first half of this year, data show.3.5 billion yuan, which even exceeded the company's net profit in the first half of the year.。In contrast, Tesla spent about 123 on research and development in the first half of the year..8.5 billion yuan, 14 less than BYD.500 million yuan。It is an indisputable fact that BYD attaches great importance to R & D。It is rumored that in July this year, BYD just ended the school recruit, BYD recruited 3.180,000 fresh graduates, of which the proportion of master's and doctoral students is as high as 61.3%, more than 80% will be directly invested in research and development。
·Original
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
Guess what you like