Impact of Energy Prices on Germany and the Success of BYD

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores the consequences of soaring energy prices on German industrial production and the dependence on Russian energy imports, along with insights into Germany's economic growth prospects. It also focuses on Chinese company BYD's triumph over Tesla in becoming the largest electric car maker worldwide, delving into the founder's background, the company's success, and the challenges it faces in foreign markets.

Red Sea shipping route remains dangerous. What's behind Chinese carmaker BYD's success in the electric vehicle market? And new figures show Germany was the world’s weakest-performing major economy last year.

Mentioned in this podcast:

Germany was worst-performing major economy last year

China’s electric vehicle dominance presents a challenge to the west

Wang Chuanfu, the driving force behind BYD’s rise

The FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Persis Love, Josh Gabert-Doyon, and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Simon Panayi. Topher Forhecz and Manuela Saragosa were executive producers. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.