Direct BYD competitors to the Model 3 in China: Seal 27.5k USD, Han BEV 30.4k USD
Model Y price in China: 36.5k to 49.9k USD
Direct BYD competitors to the Model Y in China: Sea Lion 07 27.8k USD, Song L 30.7k USD, Denza N7 40k USD
Indirect BYD competitors to the Model Y in China: Frigate PHEV 29k USD, Tang BEV 34.3k USD, FCB Bao 5 EREV SUV 39.8k USD, Denza N8 PHEV 44.6k USD
Model S and X sales in China are miniscule so it is pointless to make comparisons for those models, but BYD already has started to sell the U8 luxury SUV, which is more expensive than any Tesla on the market, and also sells the Denza D9 luxury MPV, which starts at 57.5k USD for the BEV version. Presumably sometimes in the next 12 months FCB and Denza will also be releasing new models that will compete with the Model Y and Model S, respectively.
And these are just the direct Model 3/Y competitors from BYD. You can make a similar (if smaller) list for a dozen other Chinese automakers who also offer direct competitors to the 3 and Y in the Chinese market, which is why Tesla’s EV market share in China hovers around 10%.
Luckily for Tesla, it’s home US market will be largely insulated against Chinese competition, and it also has a head start exporting cars to many western/developing markets, but BYD et al are starting to export too in earnest starting from last year, so there will be competition to the 3 and Y coming to many parts of the world shortly.
Model 3 starting price in China: 35.8k USD
Direct BYD competitors to the Model 3 in China: Seal 27.5k USD, Han BEV 30.4k USD
Model Y price in China: 36.5k to 49.9k USD
Direct BYD competitors to the Model Y in China: Sea Lion 07 27.8k USD, Song L 30.7k USD, Denza N7 40k USD
Indirect BYD competitors to the Model Y in China: Frigate PHEV 29k USD, Tang BEV 34.3k USD, FCB Bao 5 EREV SUV 39.8k USD, Denza N8 PHEV 44.6k USD
Model S and X sales in China are miniscule so it is pointless to make comparisons for those models, but BYD already has started to sell the U8 luxury SUV, which is more expensive than any Tesla on the market, and also sells the Denza D9 luxury MPV, which starts at 57.5k USD for the BEV version. Presumably sometimes in the next 12 months FCB and Denza will also be releasing new models that will compete with the Model Y and Model S, respectively.
And these are just the direct Model 3/Y competitors from BYD. You can make a similar (if smaller) list for a dozen other Chinese automakers who also offer direct competitors to the 3 and Y in the Chinese market, which is why Tesla’s EV market share in China hovers around 10%.
Luckily for Tesla, it’s home US market will be largely insulated against Chinese competition, and it also has a head start exporting cars to many western/developing markets, but BYD et al are starting to export too in earnest starting from last year, so there will be competition to the 3 and Y coming to many parts of the world shortly.