??????: ????????’?? ?????????? ????? ?????????????? ?????????? ???????????????????? ?????????? ???????????????????? ??????????????????, ???????????? ???? ???????????????? ???? ?????????????? ????????????????. ???????????leads the charge (pun intended), with sales of #EVs (including #BEV and #PHEV) accounting for >50% of sales in July 2024, surpassing ICE. Indeed, from January to August 2024, China saw a 30% increase in EV sales, interestingly fuelled by a 70% rise in PHEV sales which are seeing a global resurgence. Other markets, including ??????????, ?????????? ??????????, ?????????????????? ???????? and ?????????? ??????????????, are also seeing rapid growth, supported by Chinese exports and local investments in EV production. By contrast,?????????????'s EV market has shrunk by 4%, mainly due to a >20% drop in ???????????????after the end of subsidies in 2023. However, growth continues elsewhere in Europe and the market is ultimately expected to bounce back by 2026 as more affordable models become available. Meanwhile, the????????????? ???????????? and ?????????????saw 10% growth in 2024, slower than the previous year's 50%. Amidst Tesla slashing Model S prices by nearly 25% and GM abandoning its near term EV goals, it's easy to see where concerns of the market 'stalling' come from. The slowdown in the West can be at least partially attributed to reaching a crucial point in the technology adoption lifecycle, where the challenge has shifted from catering to tech-hungry early adopters to addressing the broader society. While early adopters eagerly embraced EVs, automakers and policymakers are now grappling with how to make EVs appealing to a larger, more price-sensitive and ultimately more cautious market. As a result, hybrid and PHEV vehicles are seeing something of a resurgence as a transitional solution to bridge the gap toward an all-electric future. Furthermore, with #SolidState batteries expected to be in widespread use within five years (offering greater affordability and performance), market concerns over range and cost should be greatly reduced. ?????????????? ???????? ????????????????, ?????? ???????????? ?????????????? ????????????. #UnlockingHumanPotential
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MSc Finance@NBS 24‘ | BSc Economics@PKU 23' || Equity Capital Market | Private Equity | Risk Management
#ALinkedInADay BYD’s demand for a 10% price cut from suppliers highlights its strategy to stay competitive in China’s intensifying EV price war, particularly against Tesla. Framing 2025 as a “grand final battle,” BYD aims to lower costs and prepare for market saturation, but this move could strain suppliers and trigger similar pressures across the industry. While cost-cutting is essential, BYD must balance affordability with maintaining innovation and product quality to sustain its edge in the fiercely competitive EV market.
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Australia's EV market is surging as Chinese brand BYD challenges Tesla's dominance with more affordable options. The BYD Atto 3 starts from $44,499, significantly cheaper than Tesla's Model 3, making it an attractive choice for budget-conscious Aussies. However, the rise of Chinese EVs, now over 80% of Australia's EV market, sparks concerns about safety, servicing delays, data privacy, and geopolitical implications. Experts warn of supply chain risks and security issues due to the heavy reliance on Chinese manufacturing. Despite these concerns, some see benefits in reduced costs and increased EV adoption, aiding Australia's climate goals. The debate continues as Chinese EVs reshape Australia's automotive landscape. MORE DETAILS: https://lnkd.in/dPznZEVP #EVMarket #BYD #Tesla #ElectricVehicles #Australia #CarSafety #TechNews #AutoIndustry #Geopolitics #SustainableTransport #FutureMobility
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LEGO? Professor @ IMD Business School | Thinkers50 Strategy Award Winner | Director, IMD's Center for Future Readiness
Thank you, BBC Radio, for having me on "Wake Up to Money" this morning. We explored the rapidly evolving landscape of electric vehicles, and there’s a lot to unpack! Just a few years ago, Tesla stood unmatched in the EV space. Today, the game has changed! In Manchester alone, the rise of BYD buses highlights a significant shift towards greener public transport solutions. ???? What’s next? We might see Chinese EV manufacturers setting up factories in Europe and the US to bypass tariffs. They could also become major technology suppliers for Western carmakers, focusing on batteries and semiconductors. These strategies are already taking shape. ?? Our latest Future Readiness Indicator shows how companies like BYD are not only catching up but sometimes surpassing Tesla's sales in specific quarters. The 2024 Future Readiness Indicator provides insights into sectors like Consumer Packaged Goods, Banking, and Automotive. Discover the latest rankings and see which companies are leading the way: https://lnkd.in/e4bkVZWz #IMDImpact #FutureReady #CenterForFutureReadiness #FutureReadinessIndicator #EVMarket #BYD #Tesla #Sustainability #Automotive
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The Secret to China Speed Is Simple (But Not Easy): I Help Fix Your Automotive Software Operations—Happy Developers, Happy Quality Managers, Hassle-Free ASPICE Compliance
With 20 Million yearly EV production capacity China can easily supply worldwide demand. Alone! China vs. Europe vs. the U.S.: Who’s winning the EV race? Let’s break it down: 1. EV Production Capacity ? China → Dominates ~65% of global EV sales (17.2M EVs in 2024). → NEV production exceeded 10M units in 2024, heading to 12M by year-end. → BYD alone outpaced Tesla, producing 1.778M EVs this year. ? Europe → Produced 2.5M EVs in 2023 (Germany leads at 50%). → Facing challenges with 20% battery imports—mostly from China. ? United States → Produced 1.2M EVs in 2023. → Still reliant on 30% imported batteries, despite IRA subsidies. 2. Cost and Affordability ? China’s EVs cost 50% less than Western models → BYD Dolphin starts at ￡10,000; Tesla’s Model 3? $24,000. ? Europe/US → Higher labor costs and fragmented supply chains keep prices steep. Key Takeaway China’s dominance isn’t just about scale—it’s about cost control and supply chain mastery. Europe? Can’t decide between competition and collaboration. The U.S.? Risking its competitiveness with protectionist policies. What’s your take on the global EV race? Comment below! P.S. Found this helpful? ?? Repost this for your network!
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A New Era in the EV Market: BYD Surpasses Tesla in Quarterly Revenue In a historic first, BYD has overtaken Tesla in quarterly revenue, signaling a significant shift in the electric vehicle industry. This development underscores the fierce competition between these two industry leaders and highlights the evolving dynamics of the global EV market. BYD's strategic pricing and production efficiency have played a crucial role in this achievement, while Tesla faces challenges in maintaining its leadership position. As China continues to dominate the BEV market, the implications for global sales trends are profound. Our latest article delves into the competitive landscape, market dynamics, and investor sentiment surrounding these two titans. For actionable insights and a deeper understanding of this pivotal moment in the EV sector, read the full article here: https://lnkd.in/es8M4_8N #ElectricVehicles #MarketTrends
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Wang Chuanfu: The Chemist Who Beat Tesla! ??? In Q4 2023, BYD overtook Tesla as the world’s top EV seller. The man behind this? Wang Chuanfu—a chemist-turned-entrepreneur who built BYD from scratch and changed the EV game. Here’s how Wang did it: ? Battery Breakthrough – BYD’s Blade Battery is safer, cheaper, and longer-lasting than Tesla’s lithium-ion tech. ? Affordable EVs for All – Models like Seagull & Dolphin bring EVs to the masses, unlike Tesla’s premium focus. ? Master of Efficiency – BYD controls its battery, chip, and car production, cutting costs and boosting scale. ? Global Expansion – Wang is taking BYD to Europe, Asia, and beyond, directly challenging Tesla. From scientist to CEO of the world’s top EV company, Wang Chuanfu proves that innovation + strategy win the race. ??share and repost with your LinkedIn family. ??:Forbes Follow for more :rj RICOL #WangChuanfu #BYD #Tesla #EVRevolution #Innovation #Sustainability #BYDvsTesla #EVRevolution #FutureOfCars #ElectricVehicles #BatteryTech #TechDisruptors #Innovation #TeslaVsBYD #GreenEnergy #SustainableMobility #NextBigThing #TechLeadership #EVMarket #CleanEnergy #AutoIndustry #BreakingRecords #linkedincreator #rjRicol
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LinkedIn TOP VOICE for EV ??, Event MC, ??? The Electric & Eclectic Podcast Show Host, ?? Documentary Maker, Board Advisor, Harmonica Player, Business Consultant & Investor -Founder Electric Vehicles Outlook Ltd
A very dramatic illustration of how vertical integration - amongst other things - helps a brand progress their EV ambition!… Tesla & BYD WAY out in front ?? What happens next will have a profound impact on so many things…jobs, economies, supply chains, geo-politics etc. And here’s the thing. The rEVolution has been more of an evolution, particularly around the battery - price and performance. The LFP batteries we used at UK start-up Modec back in 2007 were a little different in both regards. The KEY period to my mind was 2008-18. A decade where some people doubled down on strategic investments, infrastructure, and vision. Others chose to bail out the banks, establish a QE habit, and enable the rich to get richer. I don’t think I need to label people do I? The task at hand now is to get the next 10 years right in terms of a globally balanced economy whilst concurrently drawing down on carbon… And in that regard - I say hats off to Tesla & BYD for leading the way! ?? Chart credit: AJ @alojoh on X #electricvehicles #automotive #tesla #byd
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?? How BYD is Growing to Challenge Tesla??? Back in 1995, BYD started as a small battery company in Shenzhen manufacturing batteries for Nokia. Fast forward to today, it’s Tesla’s biggest competitor, holding 17.1% of the global EV market. Here’s what BYD is doing: ??Making Their Own Batteries: This helps them build EVs faster and cheaper. ??Massive Production Capacity: Produced 3 million EVs in 2023—all from domestic factories in China. ??Going Global: New factories planned in Europe, Southeast Asia, and Latin America by 2030. ??Getting Big Support: The Chinese government has backed them with $3.7 billion in subsidies. ???Key Insight: While EV demand slows, BYD is doubling down, outpacing Tesla by scaling production and entering underserved global markets.?
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Foreign Policy with focus on China, Economic and Financial Policy, EU; Co-Founder 'Women in Economic Policy' Network
The Chinese take on the EU‘s latest duty rates for Chinese electric vehicles is that ?Tesla is the big winner“ and that the EU may have just given Tesla a boost for future sales its market.? ??I’ve been told that China gained a lot from Tesla, and some observers attribute the development of China‘s EV industry as having been deeply intertwined with Tesla’s rise as the biggest EV company. Observers say Tesla enjoys perhaps the most preferential treatment of all foreign automakers in China. I find this 2023 MIT Technology Review article on the subject worth re-reading (??).? ??Another interesting detail in the China EV saga is the role Wan Gang played in developing this industry in China. I remember from talks with Wan Gang when he was Minister of Science and Technology how he exhibited such glowing enthusiasm for German technology and how closely he was following industry-related developments in Germany. This played out to the ?benefit of China’s industry… it shows why we need to follow Chinese industrial policy closely and stay informed on the newest developments in key Chinese industrial sectors. This is one of the areas the BDI Office in Beijing will focus on in the coming months.? https://lnkd.in/eC7BAzNf
