UBS analysts note that BYD has a significant cost advantage over EVs from Western carmakers, including Tesla
, indicating the Chinese firm will almost double its share of the automotive market by the end of the decade.and found that 75% of its components are manufactured in-house. It believes the brand has a 25% cost advantage over North American and European brands and that this is why it has been able to undercut them on price.
Additionally, fewer than 10% of the parts used by the Seal come from foreign suppliers, allowing BYD to almost completely control a fully integrated supply chain. BYD is also said to have a 15% cost advantage over Tesla Model 3s currently manufactured in China.“In our base case, the global market share of Chinese OEMs [original equipment manufacturers] will grow from 17% to 33% by 2030, with European OEMs seeing the biggest loss of market share.
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