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How BYD caught up with Tesla in the global EV race
The Chinese group is poised to outsell its US rival in 2025 after it dramatically narrowed the technology gap between the two.
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The U9 sports car by Yangwang, a luxury brand under Chinese EV giant BYD, on displat during a media day in Shanghai on April 23.
PHOTO: REUTERS
Kana Inagaki, Edward White and Stephen Morris
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In mid-2022, when BYD executive Lian Yubo was asked to compare Chinese manufacturing with Tesla’s technology, he remarked that Mr Elon Musk was an example that all Chinese carmakers could learn from.
“Tesla is a very successful company no matter what. BYD respects Tesla and we admire Tesla,” he said in an interview on Chinese state media.
