BYD is broke

A used car dealer in juu hu inspected some china cars and concluded its body are well put together including the welded parts and sound, heat insulation, materials used. . Not sure about its mechanical / electrical reliability.
 
syed putra said:
A used car dealer in juu hu inspected some china cars and concluded its body are well put together including the welded parts and sound, heat insulation, materials used. . Not sure about its mechanical / electrical reliability.
Click to expand...
Attos3 is not as well built as Dolphin

U need Seal or Sealion to get the better build model
 
https://www.ft.com/content/e6ae000d-d506-4a21-898e-213002234ee2

China’s car industry runs on empty as supply chain bills go unpaid

Beijing has acted to ease stresses of a damaging price war with carmakers pressed to settle invoices within 60 days

The dominant Chinese electric-vehicle maker BYD is deepest in negative territory with its working capital




China’s car industry runs on empty as supply chain bills go unpaid on x (opens in a new window) China’s car industry runs on empty as supply chain bills go unpaid on facebook (opens in a new window)

China’s car industry runs on empty as supply chain bills go unpaid on linkedin (opens in a new window) China’s car industry runs on empty as supply chain bills go unpaid on whatsapp.


Chinese carmakers’ price war is putting the industry’s balance sheet under strain, a Financial Times analysis has revealed, as Beijing demands more action to protect suppliers in the world’s largest car market.

Current liabilities exceeded current assets at more than a third of publicly listed car manufacturers at the end of last year, according to FT calculations based on their most recent financial reports.

The weakening liquidity picture highlights how China’s leading carmakers are being forced to squeeze suppliers to maintain working capital and fund their fight for market share amid heavy discounting.

The dominant electric-vehicle maker BYD is deepest in negative territory with its working capital, followed by rivals Geely, Nio, Seres and state-backed BAIC and JAC, while the total net current assets of 16 major listed Chinese carmakers fell to Rmb104.3bn ($14.5bn) by December 31 — a 62 per cent decline from their Rmb290.5bn peak in the first half of 2021.

Yin Xinchi, a car industry analyst at Citic Securities, said a decline in net current assets indicated an increasing rate of cash consumption, with liquidity risks as the numbers turned negative.


“Given the current downward trend, China’s auto industry is expected to enter an industry-wide elimination phase . . . in 2026 at the latest,” he warned. “During the process, some companies will die of liquidity crises.”
 
IMG_6096.png
 

BYD cars grow in popularity as Singapore consumers shed perception of 'made-in-China' as second-best​

In 2020, BYD sold three cars in Singapore. Last year, it sold 6,191.
BYD cars grow in popularity as Singapore consumers shed perception of 'made-in-China' as second-best

BYD's Seal 06 DM-i vehicle is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China on Apr 25, 2024. (Photo: REUTERS/Tingshu Wang)



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Justin Ong Guang-Xi
Justin Ong Guang-Xi
16 May 2025 06:02AM (Updated: 16 May 2025 11:48AM)
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Read a summary of this article on FAST.


FAST
SINGAPORE: Chinese electric vehicle (EV) maker BYD has overtaken Toyota as the top-selling car in Singapore — and it’s due to a combination of attractive pricing and increasingly positive brand sentiments towards Chinese technology, said drivers and analysts alike.

Data by the Land Transport Authority (LTA) showed that BYD sold 3,002 cars, or 20 per cent of total vehicle sales in Singapore in the first four months this year.

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It dethroned Toyota as the most popular car - the Japanese manufacturer sold 2,050 cars in the same period - and far outsold its main EV competitor Tesla, which sold 535 cars.

In 2024, Toyota sold 7,876 cars here, more than BYD’s 6,191.

But it was only in 2020 that BYD sold just three cars in Singapore, according to LTA data. This figure rose to 89 in 2021, 786 in 2022 and 1,416 in 2023.

In contrast, Toyota sales have remained relatively stable - with 7,704 in 2020, 9,633 in 2021, 6,405 in 2022 and 7,248 in 2023.

Tesla’s sales have also increased over the years, but not as quickly as BYD cars. Elon Musk’s firm sold 20 cars in 2020, 924 in 2021, 875 in 2022, 941 in 2023 and 2,384 in 2024.
 
k1976 said:
Attos3 is not as well built as Dolphin

U need Seal or Sealion to get the better build model
Click to expand...
The Sealion hybrid n pure EV have better features than a Toyota...but too bad it's not safe to buy due to BYD issues n it being a chicons car

 

China Auto Industry On Verge Of Collapse As Six Major Cities Run Out Of Car-Buying Subsidies​

https://www.zerohedge.com/markets/c...e-chinese-cities-run-out-car-buying-subsidies

All in order to maintain the illusion that China's EV industry was firing on all cylinders, to use a bad metaphor, and more importantly, to give the impression that China's economy was booming at a time when all eyes were on it as a result of the trade war with America (because woe to the loser).

The problem, as every Potemkin village comes to realize sooner or later, is that one can only pretend for so long and eventually the stimulus money runs out. And in the case of China, the stimmies have almost run out.

According to Reuters, at least six cities and municipalities across China have suspended trade-in subsidies for car buyers in June, which could grind to a halt most if not all new car sales in the world's second-biggest economy.
 
k1976 said:
https://www.ft.com/content/e6ae000d-d506-4a21-898e-213002234ee2

China’s car industry runs on empty as supply chain bills go unpaid

Beijing has acted to ease stresses of a damaging price war with carmakers pressed to settle invoices within 60 days

The dominant Chinese electric-vehicle maker BYD is deepest in negative territory with its working capital




China’s car industry runs on empty as supply chain bills go unpaid on x (opens in a new window) China’s car industry runs on empty as supply chain bills go unpaid on facebook (opens in a new window)

China’s car industry runs on empty as supply chain bills go unpaid on linkedin (opens in a new window) China’s car industry runs on empty as supply chain bills go unpaid on whatsapp.


Chinese carmakers’ price war is putting the industry’s balance sheet under strain, a Financial Times analysis has revealed, as Beijing demands more action to protect suppliers in the world’s largest car market.

Current liabilities exceeded current assets at more than a third of publicly listed car manufacturers at the end of last year, according to FT calculations based on their most recent financial reports.

The weakening liquidity picture highlights how China’s leading carmakers are being forced to squeeze suppliers to maintain working capital and fund their fight for market share amid heavy discounting.

The dominant electric-vehicle maker BYD is deepest in negative territory with its working capital, followed by rivals Geely, Nio, Seres and state-backed BAIC and JAC, while the total net current assets of 16 major listed Chinese carmakers fell to Rmb104.3bn ($14.5bn) by December 31 — a 62 per cent decline from their Rmb290.5bn peak in the first half of 2021.

Yin Xinchi, a car industry analyst at Citic Securities, said a decline in net current assets indicated an increasing rate of cash consumption, with liquidity risks as the numbers turned negative.


“Given the current downward trend, China’s auto industry is expected to enter an industry-wide elimination phase . . . in 2026 at the latest,” he warned. “During the process, some companies will die of liquidity crises.”
Click to expand...
In the West, bills are paid upon delivery. But Chinese always supply on credit. It's a bad habit.
 
Chase said:

China Auto Industry On Verge Of Collapse As Six Major Cities Run Out Of Car-Buying Subsidies​

https://www.zerohedge.com/markets/c...e-chinese-cities-run-out-car-buying-subsidies

All in order to maintain the illusion that China's EV industry was firing on all cylinders, to use a bad metaphor, and more importantly, to give the impression that China's economy was booming at a time when all eyes were on it as a result of the trade war with America (because woe to the loser).

The problem, as every Potemkin village comes to realize sooner or later, is that one can only pretend for so long and eventually the stimulus money runs out. And in the case of China, the stimmies have almost run out.

According to Reuters, at least six cities and municipalities across China have suspended trade-in subsidies for car buyers in June, which could grind to a halt most if not all new car sales in the world's second-biggest economy.
Click to expand...
Got a Paradise Island in the south mah

Something selling at 90000yuan in mainland , can fetch price of 160k dollars or 760000yuan
 
syed putra said:
A used car dealer in juu hu inspected some china cars and concluded its body are well put together including the welded parts and sound, heat insulation, materials used. . Not sure about its mechanical / electrical reliability.
Click to expand...
TBH, I think Attos 3 build is not as robust as Dolphin…Attos 3 is fanciful in appearance

In term of build:
Seal > Dolphin > Atto3

In term of accessories n features
Seal >> Attos 3 > Dolphin
 
k1976 said:
TBH, I think Attos 3 build is not as robust as Dolphin…Attos 3 is fanciful in appearance

In term of build:
Seal > Dolphin > Atto3

In term of accessories n features
Seal >> Attos 3 > Dolphin
Click to expand...
Actually I was looking at getting a BYD...but due to all these bad news...better to avoid it. If chup lup....the car will be worthless....and cannot even run as no SW update etc.. very sad as in terms of price n features etc it put Toyota to shame
 
ccp just dumped 22k byd evs in brazil. brazil buay song asked ccp to take them back to tiongcock. very desperate and xia xuay.
1750347899991.jpeg
 
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