Hi All,
Be careful for news/posts that keep saying demand is slowing. Find yourself the fact and correct information. Here is the link for all of us to read and I highlighted the sales data. You will easily know who are the shorters and downrampers that want our share price to be always low by their post.
We are presenting real data/fact and we do not need to be up rampers because we know exactly how the demand will be and how CXO is going. This is to give factual information to new comers or anyone that does not have times... Read below.
BYD Streets Ahead of Tesla in Latest NEV Sales Data – *********
Both BYD and Tesla reported rebounds in NEV sales last month after its results in January fell because of the week-long holiday and seasonal effects of the Chinese New Year holiday, as well as the ending of most purchase subsidies.Tesla sold 74,402 China-made electric vehicles (EV) in February, according to data published by the China Passenger Car Association (CPCA). That was up 31.65% from February last year.Tesla sales for the two months totalled 140,453 units, up more than 19% from the first two months of 2022 and an annual rate of just over a million units .BYD sold 193,655 NEVs in February, up 28% from 151,341 units in January and up 119.4% from 88,283 units in the same month last year.T hat was a total of 344,996 units in January and February, a record and considerably more than 2022 .That’s an annual rate of close to 2 million units for BYD.
All my opinion only and not financial advice.
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