Many of these cars don't pass western safety standards and can never be sold in Europe. There are some that are Tesla competitors, but it is widely believed (t

Many of these cars don't pass western safety standards and can never be sold in Europe. There are some that are Tesla competitors, but it is widely believed (there is not enough evidence to show conclusively) that none of the Chinese manufacturers make money on selling EVs. The situation is similar to that of Rivian or VW. The Rivian is a spectacular car but it is expensive to make that Rivian loses 10s of thousands everytime they sell a car. VW is also losing money on every EV they sell. If you buy one you're getting a good deal, but edging the company closer to bankruptcy at the same time. Buy the car avoid the stock. BYD refuses to give financials on their pure EV profit numbers. They sell a ton of hybrids and ICE cars and eek out a very small profit. Anyone who pays attention to the space must ask themselves why they don't boast about their pure EV margins? It's likely because they are losing money. Tesla on the other hand has positive gross margins on their cars and have since the day they started selling the Model S. That is the reason why the stock value is so high, because Tesla is the most efficient EV maker on earth by a significant margin. They can lower prices further than any competition and remain profitable.