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How Chinese language EV Big BYD Is Taking On Tesla

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How Chinese language EV Big BYD Is Taking On Tesla

Warren Buffett-backed BYD dethroned Tesla within the fourth quarter of 2023 because the world’s prime EV maker, promoting extra battery-powered autos than its U.S. rival. BYD was based by Wang Chuanfu and began making batteries for cellphones within the Nineteen Nineties. By 2003, it pivoted to autos and now has turn out to be the highest automobile model in China, in addition to a serious producer of batteries for electrical autos. It’s now aggressively increasing globally, exporting over 240,000 automobiles throughout 70 international locations final yr. Elon Musk stated in Tesla’s This fall earnings name that Chinese language automakers will “demolish most different automobile firms on the planet” except regulators step in. With sights set on North America, BYD might strive coming into the U.S., however faces authorities opposition. CNBC explores whether or not BYD can maintain its relentless progress and what’s subsequent for this EV juggernaut.

Chapters:
00:00 – 02:29 Title card – The rise of BYD
02:30 Chapter 1 – Early days
07:39 Chapter 2 – Automobiles
10:41 Chapter 3 – Enlargement exterior China

Produced and Edited by: Andrew Evers
Supervising Producer: Jeniece Pettitt
Animation: Christina Locopo
Narration: Robert Ferris
Further Footage: Tesla, BYD, Getty Photos

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How Chinese language EV Big BYD Is Taking On Tesla

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