Nio Vs BYD who is gonna win

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Nio Vs BYD who is gonna win

What you see is, of course, how much the purely electric players have risen. But the obvious question is this: Who will be the next Tesla? How likely are NIO and BYD to succeed? Hello friends, welcome back to TECHZEN. In today’s video, we will see which can be the true prevailer in the EV market. But before we begin do subscribe to our channel and hit the like button.

So let's get started.

China is one of the biggest markets for electric cars in the world. This is because the technology and automotive industries have grown a lot in the past 30 years. The people are also very loyal to domestic brands, which is why BYD and NIO have done so well. Both are well-known Chinese electric vehicle brands that have grown a lot in the past few years and have a lot of room to grow. But they don't approach the market the same way and they didn't start out the same way. By comparing their differences, you could find out which one is better right now or which one would best meet the needs of a customer.

What's the difference between BYD and NIO?

Both companies have done well in the Chinese market because they came up with new ideas and used their resources well. The market for electric cars is also growing quickly because more and more people want new cars that are good for the environment. Still, BYD and NIO have taken different steps to get the attention of Chinese customers.

The first thing that stands out about both companies is how they began. BYD didn't start out with the plan to sell electric cars. BYD, which was founded in 1995, rapidly became an authority in rechargeable batteries and an advocate for green energy solutions. Before moving up the value chain, it made the first batteries for phones for Motorola and Nokia.

BYD started out by making electric bikes, then moved on to mopeds, and then electric buses. Their plan was to figure out how other brands made their designs, then improve them and come up with new ones that could be mass-produced.

This is great because BYD used its supply chain to put together new products to sell. For example, when it started making electric cars, the batteries for those cars came from its factories.

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