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BYD Says Real Competitor in HK Is Not Tesla, Plans to Introduce 1-2 New Models Annually
Liu Xueliang, general manager of BYD COMPANY (01211.HK)'s Asia-Pacific automotive sales division told HK01 that BYD's new car market share in Hong Kong is 16.3%, ranking se...
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BYD Says Real Competitor in HK Is Not Tesla, Plans to Introduce 1-2 New Models Annually
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Liu Xueliang, general manager of BYD COMPANY (01211.HK)  +8.600 (+3.415%)    Short selling $409.31M; Ratio 11.591%   's Asia-Pacific automotive sales division told HK01 that BYD's new car market share in Hong Kong is 16.3%, ranking second, while the market share of its pure electric vehicles is 19%. Although there is still a gap with the top-ranked Tesla (TSLA.US)      , BYD's real competitor in Hong Kong is not Tesla, but fuel-powered cars.

Compared to Tesla, Liu noted, BYD has three major advantages in Hong Kong. First, BYD started with batteries and has the vertical integration capability to manufacture all core components. Second, the group plans to introduce one to two new models to Hong Kong every year in the future, offering more choices than Tesla. Third, the group has 11 sales outlets in Hong Kong, complemented by the Greater Bay Area outlets for Hong Kong cars heading north, making the group's services more comprehensive.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-26 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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