Shift: A podcast about mobility
Michael Dunne charts China’s automotive ascendance
Jan 7, 2024
Michael Dunne, an expert on Asia's automakers and CEO of Dunne Insights, discusses China's dominance in the automotive industry, the rise of Chinese automakers, and the fear traditional automakers should have of BYD. He also highlights China's control over battery materials and technology for EVs and Tesla's use of blade batteries. The chapter touches on software-defined vehicles, rising car prices, and Chinese automakers' potential strategy in the lower-end market.
41:18
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Quick takeaways
- Traditional automakers, except Tesla, should be concerned about the competitive threat posed by Chinese car manufacturers.
- The automotive industry is undergoing a shift towards software-defined vehicles, where software takes center stage and hardware follows.
Deep dives
BYD's Rise in the Global Market
BYD, the Chinese automaker, is rapidly gaining momentum in the global market. With sales of three million vehicles last year, BYD is set to surpass Ford and GM by 2025, and challenge Hyundai, Volkswagen, and Toyota. BYD's success stems from leveraging advantages such as advanced battery technology, lower costs, and a focus on quality. They have also entered various international markets, such as Mexico and Europe, with plans to enter the Canadian and US markets. While they face political and regulatory challenges in the US, BYD's position as a top automaker is poised to grow.
