Dear MEL Topic Readers,
Here’s what you need to know about BYD, the Chinese EV giant that just overtook Tesla
The world’s top two electric vehicle companies are not conventional automakers but start-up EV manufacturers born after the millennium. Tesla, an American automotive and clean energy company founded and led by Elon Musk, had been the top runner until the fall of last year. BYD Auto, a subsidiary of the Chinese battery maker BYD, took the leading position late last year. BYD was founded by a Chinese engineer in Shenzhen in 1997. It became the world’s largest nickel-cadmium battery, a popular battery used in mobile phones in 2003. Then in 2008, BYD received a huge investment (and endorsement) from Warren Buffett and launched its first plug-in hybrid car. BYD sold around three million electric and plug-in hybrid vehicles last year, which represents over 20% market share in the world. The major advantage of BYD is the price and battery. It makes batteries for its own vehicles and for other EV makers, including Tesla. As EVs and plug-in hybrid vehicles become more popular among consumers and businesses, the landscape of the auto industry is changing rapidly. In fact, Tesla now is at the top of the automotive industry by market capitalization followed by Toyota and BYD. Where are Mercedes, BMW, and General Motors?
Read the article and learn about the largest EV maker in the world.
https://edition.cnn.com/2024/01/03/cars/china-byd-explainer-tesla-intl-hnk/index.html
Here’s what you need to know about BYD, the Chinese EV giant that just overtook Tesla
The world’s top two electric vehicle companies are not conventional automakers but start-up EV manufacturers born after the millennium. Tesla, an American automotive and clean energy company founded and led by Elon Musk, had been the top runner until the fall of last year. BYD Auto, a subsidiary of the Chinese battery maker BYD, took the leading position late last year. BYD was founded by a Chinese engineer in Shenzhen in 1997. It became the world’s largest nickel-cadmium battery, a popular battery used in mobile phones in 2003. Then in 2008, BYD received a huge investment (and endorsement) from Warren Buffett and launched its first plug-in hybrid car. BYD sold around three million electric and plug-in hybrid vehicles last year, which represents over 20% market share in the world. The major advantage of BYD is the price and battery. It makes batteries for its own vehicles and for other EV makers, including Tesla. As EVs and plug-in hybrid vehicles become more popular among consumers and businesses, the landscape of the auto industry is changing rapidly. In fact, Tesla now is at the top of the automotive industry by market capitalization followed by Toyota and BYD. Where are Mercedes, BMW, and General Motors?
Read the article and learn about the largest EV maker in the world.
https://edition.cnn.com/2024/01/03/cars/china-byd-explainer-tesla-intl-hnk/index.html
No comments:
Post a Comment