Part 6/11:
While Byd's overall sales in China remain impressive—207,000 units in March, nearly doubling year-over-year—the distribution of these sales reveals some troubling signs. The bulk of the increase is attributed to hybrids rather than fully electric vehicles, and the company hasn't disclosed margins on battery electric vehicles (BEVs). It's likely profits from hybrid sales compensate for the lower or negative margins on pure EVs.
The notable decline in the sales of key models like the Seal and Han suggests that consumer interest in certain sedans is waning, possibly due to shifting preferences toward SUVs or crossovers, which Tesla dominates in that segment.