How Chinese EV Giant BYD Is Taking On Tesla

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Published 2024-03-25
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

All Comments (21)
  • @brianmansan
    Sooner or later US govt will declare BYD as national security threat 😂😂😂😂😂. Come on USA.....you can do better than this
  • @mrapollo_17
    I just want them in the US so the price war can drop the insane US car prices
  • @learnsun3376
    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.
  • @ginoe987
    When American companies are on top: free market When Chinese companies are on top: national security
  • @LordBagdanoff
    People are buying more BYD than Tesla in Singapore at the moment.
  • @yeetian2774
    Fun fact: a Honda civic is $15000 in China due to the ruthless competition
  • Still with Tesla stock, investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
  • @slashsaussier
    I live in Norway, have Chinese collegue at work she drive Tesla, and my neighbor he’s American he drive BYD 😅 true story
  • @JA-qs1ug
    I just bought a BYD Seal. Live in Europe. Really great car.
  • @rosampa1980
    BYD is a big sucess here in Brazil, my boss just bought one
  • @ramys.4313
    Elon Musk was making fun of them 4 years ago. Now he's asking the us government for protection measures.
  • @user-ez9rw5lm5w
    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.
  • @jeepwillbmw
    I bought a BYD Atto 3 in Australia as it was way cheaper that the Tesla and the build quality was better. So far no problems.
  • As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
  • @fatdoi003
    wait how come when a Chinese company is doing well is a threat? but Tesla doing well is not a threat?
  • @jeffs6090
    One of the best things BYD has is its own cargo ship fleet. That's a genius move!
  • @alee9071
    My next car will be a BYD, test drove it last week, was very impressed, better than a Tesla IMO
  • @Ray-ld3mt
    I bought a BYD EV this year. It's a fantastic car, great quality! I am loving the experience!
  • @mrapollo_17
    If US companies are nervous maybe they shouldn't be replacing all of their lower cost vehicles with premium SUVs and Trucks