The Rise of BYD: China’s Answer to Tesla

In 2007, Chinese company BYD stood as a laughingstock at the Guangzhou auto show – its poor fit of doors and uneven purple paint job widely ridiculed in the industry. That’s a thing of the past.
The company overtook Tesla in global sales of fully electric cars in 2021. Another accomplishment, surpassing Volkswagen Group in Chinese car market, and is now targeting Europe.
In 2020, BYD drastically improved its lineup by replacing batteries with cheaper alternatives like iron and phosphate. Tesla’s entry into the China market and the rise of electric car enthusiasm were met with BYD’s new affordable battery technologies and redesigned models.
BYD managed to save production costs through self-manufacturing, a limited electronic system, and lower labor expenses in Shenzhen’s walled town. With these cost-effective methods, the company’s sales have risen by a million cars annually in the last two years.
BYD’s domination in the electric car market and continuous technology development are poses threat to Tesla and other competitors. Meanwhile, BYD’s plug-in hybrid cars, accounting for nearly 50% of their sales, offer a unique China-relevant advantage.

News

The Media Industry’s ongoing struggle to stay relevant in a digital age

The career of Roger Fidler exemplifies a warning: Sometimes, you can predict the future but still fall victim to it. Three decades ago, Mr. Fidler was a media executive promoting a vision of the future for newspapers. The rise of digital technology would allow for news to be accessed on portable devices all day long, […]

Read More
News

The Continuous Decline of the Media Industry: A Losing Battle against the Future

Roger Fidler has had a front-row seat to the digital revolution in the newspaper industry. Thirty years ago, he was advocating for the future of newspapers as portable digital devices that would offer multimedia content to readers. While his vision has largely come to fruition with people constantly online and engaged with news, traditional media […]

Read More
News

Biden Takes Action to Limit Sale of Personal Data to China and Russia

President Biden will issue an executive order to restrict the sale of American data to China, Russia, and four other countries in an effort to protect sensitive information from being used for malicious purposes. The order aims to prevent personally identifying data, such as locations, health records, and genetics, from being obtained by these countries […]

Read More