I. Certainty of revenue
Behind the revenue was an explosion in sales.
There is almost no doubt about 1.8 to 2 million vehicles this year, and 3.5 to 4 million vehicles next year is also a probable event, with revenue growth of at least 100%.
II. Certainty of gross profit
What is behind gross profit is cost reduction and efficiency increase and product sales price increase.
BYD's powerful tool for increasing gross profit is first to reduce costs and increase efficiency after scaling up, followed by an increase in the share of high-priced models such as the Han, Seal, Tang, Tense D9, Destroyer 07, and Sea Lion. The third is to further increase the scale effect and brand premium in overseas sales.
III. Certainty of valuation
Behind the valuation is the status of the river and lake.
To put it bluntly, when will BYD be able to catch up with Tesla in terms of both “quantity” and “quality”?
There is no need to say much about “quantity”; BYD has significantly surpassed Tesla.
“Quality” can be further divided into three aspects:
First, electrification.
The core of electrification is the battery. The Tesla 4680's slack has proven that BYD significantly surpasses Tesla in electrification.
Second, high-end.
The total sales volume of Han, Seal, and Tang already covers Model 3 and Model Y. In the future, counting the Destroyer 07, Tense D9, and Sea Lion, BYD will surpass Tesla in the 25-350,000 range. The launch of more high-end Starry Sky brand models will announce that more than 800,000 models, BYD is also capable of covering Model S and Model X.
Third, intelligence.
If Tesla's intelligence is in the 3rd year of middle school, then BYD's intelligence is probably in the 3rd year of elementary school...