Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker::Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

    • jaschen@lemmynsfw.comEnglish
      183·
      11 months ago

      I know they are dominating the market. But I’m explaining why they are. It’s NOT because they make superior cars Each car is sold at a loss with the funding/backing of the China government with the sole purpose to dump(kill domestic competition).

      Amazon prime sorta did this on a micro scale. Dump their pricing to kill Barnes and Noble and after they go out of business, they open and replace them with their own stores. But instead of Amazon funding the dump, it’s the god damn CCP and our entire auto industry.

    • ShepherdPie@midwest.socialEnglish
      3·
      11 months ago

      Dominating which market though? China is heavily subsidizing these cars like they do with a lot of new tech when they want to undercut non-Chinese companies. I guarantee if any other manufacturer had similar subsidies, the situation would be different.