These 4 Chinese Automakers Have Higher Gross Profit Margin Than Tesla - CleanTechnica

The article highlights the impressive financial performance of several Chinese electric vehicle (EV) manufacturers, noting that four of them have achieved higher gross profit margins than Tesla. This development comes amid China’s dominant position in the global EV market, where plugin vehicles account for over 50% of new auto sales domestically and Chinese EV sales represent about half of worldwide EV sales. Contrary to the common perception that Chinese EV makers are operating at a loss, companies like Seres, BYD, Li Auto, and Great Wall Motor (GWM) are demonstrating strong profitability. Specifically, Seres leads with a remarkable 27.6% gross profit margin, followed by BYD at 20.7%, Li Auto at 20.5%, and GWM at 17.8%, all surpassing Tesla’s 16.3%. These figures underscore the growing financial health of Chinese EV producers, with several also reporting net profits exceeding Tesla’s. Xpeng and Geely also show gross profit margins close to