It's why you'll see some Chinese guy with dogshit taste paying an $80k premium to bring in a Cadillac SUV or Mercedes. Literally just conspicuous consumption on steroids for some folks.

But you have to balance this out with the realization that half the population of China doesn't even own a car, much less some gawdy Americanized abomination. These sales figures are still just a drop in the bucket compared to 4.8B rail trips taken in the country last year. If you've got the spare coin and the extra real estate and you live out far enough that owning a car makes sense, then why not own a Tesla Y over a BYD? But 28k units sold in a year represent a rounding error on a rounding error compared to the total transportation budget of the country at large.