Elon Musk’s Tesla has been overtaken by China’s BYD as the world’s top selling electric carmaker. BYD’s rise is the result of long-term strategic thinking by both the company and the Chinese government. And it’s setting up China to be a dominant player in the global automotive industry. Here are the three most important things that have made BYD the king of EVs.
0:00 Introduction
01:08 China’s electric vehicle subsidies
02:13 Cheaper vehicles
03:15 Manufacturing secret sauce: Vertical Integration
05:04 Founder Wang Chuanfu vs Elon Musk
06:14 Global expansion plans
#China #BYD #Tesla
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