Tesla (TSLA) and BYD Co. (BYDDF) are both fast-growing EV giants. While a lot of attention falls on startups such as Rivian Automotive (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV) and Li Auto (LI), as well as traditional automakers pushing into EVs, such as General Motors (GM) and Ford Motor (F), Tesla and BYD are setting the pace. Both have huge expansion plans. Tesla stock and BYD stock have been big winners in 2021, but which is a better bet now? Let’s take a look at Tesla vs. BYD — and Tesla stock vs. BYD stock.
Tesla Vs. BYD Sales
Tesla is the world’s largest electric vehicle maker, delivering 241,300 electric vehicles in the third quarter, up from 201,250 in Q2 and 184,800 in Q1.
But BYD is catching up fast. New energy vehicles have increased by roughly 10,000 per month for six straight months, hitting 91,219 in November, up 241% vs. a year earlier. Of that, 90,121 were personal vehicles, up 253%. That includes 46,137 EVs, up 153%, while plug-in hybrids shot up 500% to 43,984. It’s the sixth straight month that BYD has increased EV/PHEV sales by roughly 10,000.
Hybrid sales have skyrocketed thanks to a new, fuel-efficient DM-i system that provides substantial battery range.
BYD EV and hybrid sales combined are now roughly equal to Tesla’s all-electric deliveries. They are far above those of Nio, Li Auto and Xpeng, let alone U.S. EV startups Lucid and Rivian Automotive.
BYD is winding down its sales of traditional gas vehicles, down to just over 7,000 in November.
Both Tesla and BYD have managed to grow rapidly despite chip shortages that have crippled almost every other automaker in 2021, including GM and Ford but also Li Auto, Xpeng and Nio. BYD makes its own chips.
Tesla Vs. BYD Expansion
Both will continue expanding rapidly. Tesla will soon open plants near Austin, Texas and Berlin, Germany, and is looking to expand its Shanghai facility yet again. The Austin and Berlin plants will make the Model Y to start.
Tesla has said the plants would begin producing Model Y crossovers before year-end, but that hasn’t happened yet. The EV giant…