The end of Tesla’s reign is near, Chinese electric cars are in ambush

News JVTech The end of Tesla’s reign is near, Chinese electric cars are in ambush

2022: Last year of Tesla and Elon Musk?

The year 2022 is finally over for Tesla. Never before has the brand had so much good and bad news in the same year. The company was delivering more cars than ever before, and despite it all, its stock market slump was significant, fueled by Elon Musk’s takeover of Twitter

…and his own results. In the last quarter of 2022, Tesla produced 439,701 electric cars and made 405,278 deliveries. In total, 1,369,611 cars were produced in the brand’s factories in 2022, and 1,313,851 units were delivered.

Production growth at the end of the year was 47% and 40% in terms of sales. And despite it all, the company has not met the targets it set, which set the bar at 50% in one year. Is this the beginning of the end for the American manufacturer? Possible. Either way, it could spell the end of their dominance as Chinese manufacturers poised to take the lead in the race. including BYD.

Image copyright: Tesla and BYD

In the last quarter, the world’s number two electric car has outsold 329,000 vehicles. So yes, it’s a lot less than Tesla, but what interests us here is BYD’s meteoric rise. In the first quarter of 2022, the Chinese manufacturer had sold “only” 143,223 units, while Elon Musk’s company had sold 305,407

. In short, you get it, China is a growing threat to Tesla, and 2023 could well be the year of the handover.

BYD has set itself the task of taking the first place away from Tesla

We saw it well at the Paris Motor Show: BYD doesn’t do things by halves! Given the area occupied by the Chinese manufacturer’s stand, it was easy to measure the immense ambitions of the world number two in electric cars. With this event, the brand has also formalized its arrival in Europe with three electric cars. Big difference to Tesla, the price

. In fact, the prices displayed by BYD are much more interesting than those of the Elon Musk company, even if the Tesla model’s specifications remain better.

Photo credit: BYD

But that’s not all, because the Chinese manufacturer also recently launched its new range of high-end vehicles, called Jan Wang. Put simply, these vehicles are a compendium of the best technology in existence. And unlike BYD Atto 3, Han and Tang, the models in this new series, the Yangwang U9 and Yangwang U8, are more elite, but also prove that the manufacturer also understands “luxury” and innovation. Beyond BYD, China also has manufacturers like Geely and Nio in its ranks. which also offer very advanced charging and autonomy technologies. So, if the trends observed in 2022 are confirmed in the coming months, we could indeed witness a power transfer between Tesla and BYD.but also between the United States and China.