How China’s BYD Overtook Tesla

Elon Musk’s Tesla has been overtaken by China’s BYD as the world’s top selling electric carmaker. BYD’s rise is the result of long-term strategic thinking by both the company and the Chinese government. And it’s setting up China to be a dominant player in the global automotive industry. Here are the three most important things that have made BYD the king of EVs. 0:00 Introduction 01:08 China’s electric vehicle subsidies 02:13 Cheaper vehicles 03:15 Manufacturing secret sauce: Vertical Integration 05:04 Founder Wang Chuanfu vs Elon Musk 06:14 Global expansion plans #China #BYD #Tesla -------- Like this video? Subscribe: Become a Quicktake Member for exclusive perks: Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you’ve known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.