How Chinese EV Giant BYD Is Taking On Tesla

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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. BYD was founded by Wang Chuanfu and started making batteries for mobile phones in the 1990s. By 2003, it pivoted to autos and now has become the top car brand in China, as well as a major producer of batteries for electric vehicles. It’s now aggressively expanding globally, exporting over 240,000 cars across 70 countries last year. Elon Musk said in Tesla's Q4 earnings call that Chinese automakers will "demolish most other car companies in the world" unless regulators step in. With sights set on North America, BYD could try entering the U.S., but faces government opposition. CNBC explores whether BYD can sustain its relentless growth and what's next 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 - Vehicles
10:41 Chapter 3 - Expansion outside China

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

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How Chinese EV Giant BYD Is Taking On Tesla

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Sooner or later US govt will declare BYD as national security threat 😂😂😂😂😂. Come on can do better than this

brianmansan

When American companies are on top: free market

When Chinese companies are on top: national security

ginoe

The biggest lesson I learned in 2023 about the stock market is that nobody knows what will happen next, so practice some humility and low a strategy with a long-term edge.

JuneTalley

China: About 15% of automobile production is exported.
South Korea: About 70% of automobile production is exported.
Germany: About 75% of automobile production is exported.
Japan: About 50% of automobile production is exported.
United States: China’s auto industry has overcapacity.

learnsun

I just want them in the US so the price war can drop the insane US car prices

mrapollo_

People are buying more BYD than Tesla in Singapore at the moment.

LordBagdanoff

I don't have a BYD in the driveway, I have a BYD battery on the side of my house.
Was paying $3400 per year for electricity, but now I get paid $3000 per year for the electricity my solar produces. BYD is making me money. 😁

martythemartian

I live in Norway, have Chinese collegue at work she drive Tesla, and my neighbor he’s American he drive BYD 😅 true story

slashsaussier

Look at how hypocritical the United States is, they promote free trade. American cars can be sold in China, but Chinese cars are prohibited from being sold in the United States. Is this fair? Government subsidies? Does the United States not subsidize their cars or large aircraft factories? Double standards.

ezrwlmw

To those who dont know, FUN FACT, TESLA USED BYD BATTERIES 😂 so think about it.

oda

I am a Canadian and has been saving money to buy a BYD EV. I am sure many consumers in North America are doing the same. I don’t believe the nonsense of overcapacity. For years, G7 cars Toyota, VW, BMW, Mercedes, Buicks, Lincoln’s have flooded the Chinese market. So are Apple IPhones, agricultures etc.

Tom-vgts