BYD (01211.HK)'s General Manager of the Asia-Pacific Automobile Sales Division, Liu Xueliang, told Hong Kong 01 that BYD's market share of new cars in Hong Kong is 16.3%, ranking second; while the market share of pure electric vehicles is 19%. Although there is still a gap with Tesla (TSLA.US) in the first place, BYD's real competitor in Hong Kong is not Tesla, but gasoline cars.

He said that compared to Tesla, BYD has three major advantages in Hong Kong. First, BYD started with batteries and has the ability to vertically integrate all core components. The second is that the group will introduce one to two new models to Hong Kong every year, offering more choices than Tesla. The third is that the group has 11 sales outlets in Hong Kong, along with the Greater Bay Area outlet for cars from Hong Kong to the north, making the group's services more comprehensive.

Liu Xueliang revealed that BYD has received approximately 0.01 million orders and registered more than 7,000 vehicles in the past two years. He hopes that the Hong Kong government can support the development of electric vehicles and expedite the approval process.