BYD has built up a lot of expertise in their home market, which is by far the world's biggest EV market. It looks as though BYD will crack Asia and Europe first, but it will come eventually to America. And for all the geopolitical turmoil that we've just spoken about, there is a real supporting factor for BYD. American firms are just as eager to crack the Chinese market as BYD is to crack the American market.
The petrostates of the Gulf are modernising their economies, growing more tolerant and liberalising their social contracts as they prepare for a world run on fewer hydrocarbons—but who will be left behind? A Chinese maker of electric vehicles prepares to steal a march on Tesla. And a look at Britain’s newest islands reveals they are made of wet wipes.
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