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After Hours
A Lunar New Year Special: BYD, EVs and Chinese Capital Allocation
Jan 18, 2023
Celebrating Lunar New Year, the hosts share lively traditions and personal stories. They dive into BYD's rise in the electric vehicle market and its strategic position against global giants like Tesla. The complexities of China's capital allocation reveal a delicate dance with government influence. Globalization narratives are explored, highlighting China's role in ongoing economic dynamics. They discuss investment, growth, and the vibrant intersection of culture and storytelling, closing with festive cheer for the New Year.
45:47
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Quick takeaways
- China leads in EV sales, with 25% market share compared to the US.
- BYD surpasses Tesla in Chinese EV production despite stock value challenges.
Deep dives
The Rapid Growth of Electric Vehicles in China
China's electric vehicle market is booming, with about 25% of cars sold in China now being electric vehicles, significantly more than in the United States. The market in China includes both fully electric vehicles and plug-in hybrids, showing a rapid growth rate and immense competition, with over 300 companies producing electric vehicles. One standout company, BYD, has seen success by focusing on electric vehicles and surpassing even Tesla in vehicle production in China.
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Discover
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