...with that capability and R&D investment well ahead of the pack, legacy auto have everything to be fearful about.
...so you have to wonder if they (legacy auto) will try to stall the EV movement - if you can't compete and too behind in the EV space, you could stay focus on the ICE & hybrid segments that you can continue to reign supreme with margins intact.
...and Tesla figuring a way via Robotaxi to change the competition. With Robotaxi, they won't be competing head on with BYD.
...if US and EU slows down the EV conversion rate and impose tariffs on Chinese EVs to stall their growth in their own countries, you may well find that EV growth in US and EU decelerates while accelerating strongly in China.
BYD has more people in R&D than the rest of the auto industry outside of China, COMBINED. And we are starting to see what they’ve been up to.
