Re:BYD overtakes Tesla's electric car sales in last quarter ...
by jase321 on Tuesday January 02, 2024 @07:00PM
(#38848912)
BYD battery tech is just phenomenal. I have seen in the factory demo where fully charge battery being punctured without triggering any explosion. Their battery is no longer subsidized by their government. China EVs and their battery have now enter into pure competition market-based situation. Meanwhile Tesla still rely heavily on tax break by American and European countries. In Asia, Tesla sales mostly shrunk in the last 2 quarters with BYD overselling them by 2 to 5 unit. Tesla is fast becoming the new Solyndra maybe in 10 years time it will be just a small niched boutique EV Ferrari.
If there’s anything China can teach the world it’s that the state has a large role to play in creating growth and development and that any country can develop to be an advanced economy. 40 years ago China was poorer per capita GDP than Ghana.
South Africa where I live, was always significantly richer than China. We are at risk of losing our car assembly plants. The government isn’t helping set up electric vehicle assembly here. In fact there’s so many more things we could be doing, like providing housing to people.