China's race to tech supremacy: Driving into Europe
FT Tech Tonic
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BYD: From Battery Research to Global EV Dominance
This chapter traces the rise of BYD from Wang Tran Fu's battery research background to becoming a major player in the global electric vehicle market. It highlights BYD's innovative technology, cost advantages, and strategic control over the supply chain that propelled their success, particularly in Southeast Asia and Europe. The chapter also explores the EU investigation into claims of unfair subsidies to BYD, raising concerns about the competitive landscape and potential trade implications in the EV industry.
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