In the second instalment of a four-part series, Xue Yujie, Daniel Ren, and Pearl Liu look at how Shenzhen’s BYD used its dominance and innovations in battery packs to become the world’s largest maker of electric vehicles in a little more than a decade.
Elon Musk laughed out loud when he was asked about potential competition with BYD, which had brought a battery-powered car to market in southern China three years before Tesla.
Read More at https://www.scmp.com/business/companies/article/3217091/china-ev-war-how-byd-grew-elon-musks-ridicule-berkshire-hathaways-ridiculous-us98-billion-success-12