Tesla’s Biggest Threat? The Rise of BYD in the EV Industry
Warren Buffett-backed BYD dethroned Tesla in the fourth quarter of 2023 as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival. Founded by Wang Chuanfu, BYD started by making batteries for mobile phones in the 1990s. By 2003, it pivoted to autos and has now become the top car brand in China and a major producer of batteries for electric vehicles.
Aggressively expanding globally, BYD exported over 240,000 cars to 70 countries last year. In Tesla’s Q4 earnings call, Elon Musk remarked that Chinese automakers will “demolish most other car companies in the world“ unless regulators step in. With its sights set on North America, BYD could try entering the U.S., but faces government opposition.
Apex Chronicles explores whether BYD can sustain its relentless growth and what’s next for this EV juggernaut.
#electricvehicle
#economy
#money
#apexchronicles
#cnbc
1 view
128
35
2 months ago 00:15:52 1
Why Elon Musk Is Building The World’s BIGGEST Supercomputer
2 months ago 00:03:27 4
EXIT 2024 | The Exploited live @ Tesla Universe Stage
2 months ago 01:31:45 1
EXIT 2024 | Sam Divine live @ Tesla Universe Stage
2 months ago 01:55:28 1
EXIT 2024 | Lady Lee live @ Tesla Universe Stage
2 months ago 01:18:11 1
EXIT 2024 | Alok live @ Tesla Universe Stage
2 months ago 01:17:26 1
EXIT 2024 | Burak Yeter w/ special guest Dimash Qudaibergen live @ Tesla Universe Stage FULL SHOW
2 months ago 01:11:43 1
EXIT 2024 | RUDIMENTAL live @ Tesla Universe Stage
2 months ago 00:11:45 1
Tesla’s Biggest Threat? The Rise of BYD in the EV Industry
3 months ago 00:10:43 1
Why EV Tariffs Won’t Stop Chinese Cars
3 months ago 00:19:06 1
Just Happened! Elon Musk Confirmed Tesla Optimus Gen 2 Produced At $10K Price To Work At GigaTexas
3 months ago 00:11:33 1
New MIT Discovery Just Solved Water’s BIGGEST Mystery!
3 months ago 00:25:08 1
Revolutionary Cars Unveiled at China’s Biggest Auto Show 2024! 🚗🇨🇳
4 months ago 00:12:07 2
2024 Rolls-Royce Spectre - FULL VISUAL REVIEW!
4 months ago 00:12:55 1
America Is Going To Build The World’s Biggest Infrastructure Mega Projects - Cost $500 Billions
4 months ago 00:05:15 1
Inside a Chinese EV Graveyard in Hangzhou | WSJ
4 months ago 00:07:23 1
21 police injured, 16 arrested, EVs destroyed in violent Tesla protests
5 months ago 00:09:08 1
China shocked after Tesla Model Y flies through the air, rolling over 7 times
5 months ago 00:10:40 1
Xiaomi builds the SU7 in 76 seconds using worlds biggest gigacasting machine
5 months ago 00:08:29 1
CATL’s sodium hybrid battery will be 30% cheaper & revolutionise the world
5 months ago 00:30:40 1
Betrayed! How German Auto Lost Their Engineering Soul and Lied to Fans, Customers and their Heritage
5 months ago 00:12:57 1
Rolls Royce Spectre (2024) - The Best Car in The World!
5 months ago 00:08:55 1
Tesla reveals timelline for massive electric Semi production at $ factory
5 months ago 00:00:54 1
World Market News of the 24 April with FXOpen #ftse100 #teslastock #oilprices