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Tesla vs BYD: the clash of the giants
The brands Tesla and BYD are market leaders in electric cars. In fact, Tesla will have over 18% of the electric car market in 2022, closely followed by BYD with 12.7% according to Statista.
The questions we're asking are: "How can Chinese Chinese electric car manufacturers have succeeded on the international stage in just a few years?" or "To what extent is BYD able to overshadow Elon Musk?
Over the past few decades, China has succeeded in asserting itself on the international stage thanks to :
- an ambitious government strategy: the Chinese government has taken steps to support the development of the electric car industry, notably by subsidizing the purchase of electric cars and investing in R&D.
- a large domestic market China is the world's leading automotive market, and the market for electric cars.
- competitive production costs: China has a low-cost labor force and an integrated supply chain, enabling Chinese automakers to produce electric cars at lower costs than their international competitors.
To illustrate these words in figures:
- In 2022China will have sold more than 3.5 million electric carsin other words, more than the rest of the world combined (despite their limited presence in European markets, in this case France).
- By the end of 2023China is expected to account for over 50% of global sales of electric cars.
For a more telling example, here are the countries where the most battery-electric vehicles have been sold (in thousands) over the past 10 years.
Source : Statista
BYD therefore has every intention of conquering the European market, as demonstrated by the launch of its new model, the BYD Seal. The latter is the first competitor to the new Tesla Model 3, for a number of reasons.
Both electric vehicles offer high performance, large load capacity and sufficient range for long journeys. Naturally, there are significant differences between the two, which we'll explain in a moment.
Byd Seal versus Tesla 3
The two market leaders in electric vehicles recently unveiled their latest models: the BYD Seal and the Tesla Model 3.
What are the similarities between the Byd Seal and the Tesla 3?
At first glance, these two models belong to the category of electric sedanspositioned between SUVs and city cars. Like the Tesla Model 3, the BYD Seal has 4 doors and a trunk (not a hatchback).
These two models are distinguished by sophisticated materials of undeniable elegance and finesse. Indeed, the BYD Seal and the Tesla Model 3 share a number of similarities:
- The design The design: a clean, minimalist design with no frills. Combining sportiness and comfort, these vehicles will be your perfect allies on business trips.
- The roof Both vehicles feature a flat, panoramic roof for an enhanced driving experience.
- The touchscreen Thanks to their cutting-edge technology, both models feature a central touchscreen for unprecedented driving comfort.
- Brightness LED technology front and rear.
- Seating The 2 competitors offer five seats.
- Transmission The two electric cars compared are both rear-wheel drive.
In conclusion, the BYD Seal and the Tesla Model 3 have comparable designs, although the BYD is a little larger.
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Technical specifications of the BYD Seal and Tesla 3
As already mentioned, there are many similarities between these sedans. It should be noted that the two electric cars compared are entry-level models, i.e. the Design for the BYD and the Propulsion for the Tesla.
That said, there are a few differences from a performance point of view. Here's a summary table:
| FEATURES | BYD SEAL DESIGN | TESLA MODEL 3 PROPULSION |
|---|---|---|
|
Autonomy
|
570 km
|
491 km |
|
Battery capacity |
84 kWh |
60 kWh |
|
Fast charging |
26 min |
25 min |
|
Slow recharge |
NC |
2235 min
|
|
Consumption |
145 Wh/km
|
144 Wh/km
|
|
Motor power |
313 hp
|
283 hp
|
|
Maximum speed |
180 km/h
|
225 km/h
|
|
Motor torque |
360 Nm
|
420 Nm
|
BYD vs Tesla Model 3: which has the longest range?
It's important to remember that the range of your electric vehicle varies according to a number of factors, such as your speed, traffic, gradients and weather conditions.
That said, the BYD Seal would have a range of 570 km while the Tesla Model 3 would have 491 km.. Almost 100 km difference, but the two electric sedans will be your perfect allies for business travel.
BYD vs Tesla Model 3: catalog and leasing prices
The list price of these two sedans is relatively similar, give or take €5,000. Indeed, we note a price of 41,900 for the Tesla Model 3 and therefore 46,900 for the BYD Seal.
If you opt for leasing, we can offer you the Tesla Model 3 from 515/month for professionals.
On the other hand, the BYD Seal is available from NC/month again under full service leasing.
As a reminder, as a professional, you are eligible for the ecological bonusbonus conversion bonusas well as regional grants for electric cars and a tax breaks for electric vehicles !
If you deduct only the ecological bonus from the price of an electric vehicle, amounting to €3,000 for professionals, you could buy the Tesla Model 3 for €38,900 instead of €41,900, a reduction of -7.16%.
Ecological bonus 2024: key points to remember
In view of the latest news concerning the environmental bonus 2024, a number of changes are as of December 15!
To briefly put things into context, the government allocated an ecological bonus to all electric cars costing less than €47,000regardless of manufacturing location. However, in view of the growing number of vehicles produced in Asia, such as Tesla and Chinese manufacturers like BYD, the bonus will be granted according to the carbon impact of the vehicle's production in 2024.. This carbon impact will be calculated by an "environmental score" based on the CO2 emissions generated during production, including battery and transport.
The official list of eligible cars will not be published until December. But don't wait! Vehicles ordered up to December 15 and delivered within three months will still benefit from the old bonus.. (Note that Tesla and BYD are both eligible).
As you might expect, leasing for these electric sedans is available on our website Beev.cosite, with no down payment and no increased first rent.
What's more, if you want to install charging stations for your company, our Beev experts are at your disposal Monday to Friday, 9.30am to 7pm, to advise you, support you and help you through the process.
Tesla Model 3 or BYD Seal: which to choose?
Here we outline the different reasons to buy these two electric sedans, depending on your needs.
BYD Seal: the high-performance competitor
The BYD SealThe BYD Seal, inspired by the maritime world, could be a good way of acquiring an electric car. Shenzhen-based BYD has 20 years' unrivalled expertise in electric batteries. As proof, the Asian giant supplied Tesla with its Model Y. Based on this premise, the batteries used in BYD models models would be more optimal for ensuring the longevity of its electric vehicle.
For more information, please consult our article "How long does an electric car battery last?"
What's more, the BYD Seal offers performance and features comparable to those of a combustion-powered vehicle, particularly in terms of range and autonomous driving. Since BYD invests heavily in research and developmentthis makes the BYD Seal a high-performance, feature-rich vehicle.
To put it more broadly, this brand of electric cars would be an interesting one to acquire for several reasons:
- BYD is one of the world's electric vehicle manufacturers the most affordable on the market, taking the ranges as a whole, enabling professionals to amortize their costs.
- The Chinese brand offers a wide range of electric vehicles, from SUVs to sedans and city cars. The result is a diversified range, enabling customers to find the electric vehicle that best suits their needs and budget.
For more information, feel free to browse our article: "BYD vs Tesla: will the Chinese brand dethrone the American giant?"
Tesla Model 3: still a favorite among drivers
Here's the video test we did on the Tesla Model 3 to explore all the vehicle's features:
If we compare the two electric cars purely from a price point of view, the Tesla Model 3 costs €41,900, more than the BYD Seal. What's more, this Tesla is seen by customers as a prestigious vehicle that can contribute to the company's brand image. The advantages of acquiring a Tesla are as follows:
- Tesla vehicles are exempt from TVS, representing significant savings for companies.
- These are renowned for their comfort and safety, ideal for professionals who spend a lot of time on the road...
- They are all equipped with numerous advanced technologies, such as autonomous driving, automatic emergency braking and various modes (e.g. sentinel mode to monitor the vehicle's surroundings and receive alerts of potential threats on your phone).
For more details, here's an extract from a summary table of the 2023 TVS to help you make your TVS calculation :
| CO2 emissions (gr/km) | Price per g of CO2 (NEDC) | WLTP tariff |
|---|---|---|
|
Up to 20 g/km
|
0,00 €
|
0 € |
|
From 21 to 50 g/km
|
1,00 €
|
17 à 40 €
|
|
From 51 to 60 g/km
|
1,00 €
|
41 à 48 €
|
|
From 61 to 100 g/km
|
2,00 €
|
49 à 150 €
|
If you're interested in buying a Tesla, read our article 5 reasons to convince you to choose a Tesla.
Conclusion: BYD Seal or Tesla Model 3?
Are you a professional looking for a high-performance, durable electric car that reflects your company's image? In our opinion, the BYD Seal is the electric vehicle for you.
On the one hand, the Tesla Model 3 offers a range of 491 km, enough for long journeys. It also boasts an elegant, modern design and a host of advanced safety features. In other words: the ultimate business travel package.
On the other, the BYD Seal allows you to cover long distances with a range of 570 km. Its durable batteries, manufactured by BYD, the world leader in electric battery production, guarantee a long service life. The BYD Seal is also a high-performance car, with a 313 hp engine which allows you to reach a top speed of 180 km/h. It's also equipped with a host of advanced safety features to ensure you drive in complete safety.
In conclusion, the choice between the BYD Seal and the Tesla Model 3 depends on the needs and priorities of each professional.
Professionals looking for an electric car with a long range and an electric battery of a certain standard will be delighted with the BYD Seal. On the other hand, professionals in search of a high-profile vehicle with cutting-edge technology, a TVS exemption and a competitive price will be satisfied with the Tesla Model 3.
