Etiqueta: EV

Warren Buffet-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 » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive ...

Despite speculation China's price war is easing, Tesla's troubles only grow as the Model 3 faces heightened pressure from a key rival.

BYD recently celebrated a new milestone of 7 million new energy vehicle (NEV)s. The update was posted on BYD's official Weibo account.

BYD, a global leader in the production of new energy vehicles (NEVs) and power batteries, achieved a significant milestone on March 25th by rolling off