Odd Lots The Chinese EV Maker That's Selling More Cars Than Tesla
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Aug 3, 2023 In this insightful discussion, Corey Cantor, a Senior Associate at BloombergNEF specializing in electric vehicles and battery technology, dives into the competitive landscape of the EV market. He explores how Chinese automaker BYD has overtaken Tesla in total vehicle sales, highlighting China's impressive supply chain strategies. The conversation touches on geopolitical tensions affecting EV companies, shifts in consumer perceptions, and the ongoing race between BYD and Tesla for dominance in the global automotive arena.
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BYD's Sales
- BYD, a Chinese EV maker, sold more vehicles than Tesla in 2022.
- This highlights the growing competitiveness of the global EV market.
BYD's Battery Expertise
- BYD's success is partly due to its decades of experience in battery technology.
- BYD also made a significant move by ending gasoline car sales in 2022.
China's EV Strategy
- China's EV success is linked to their strategic domestic supply chain investments.
- Early subsidies and policy support nurtured the industry's growth over time.