Chinese company
Although BYD started in China, it is now selling EV cars in various countries around the world. BYD also sells cars in the premium electric car segment in India.
Tesla has a problem
Unlike Tesla cars, BEV sells hybrid cars and Plug in hybrid cars. Tesla is in big trouble right now because of this company. These BYD cars are sold at a lower price than Tesla’s cars.
New battery technology
By 2023, BYD has surpassed Tesla in sales of electric cars. BYD has discontinued production of ICE-type cars from March 2022 and now sells only full hybrid, PHEV and electric cars. The company has developed an innovative ‘Blade Battery technology’.
Leading EV company
China is the company’s biggest market for electric cars. According to Tesla, Toyota, Volkswagen, and Mercedes have been selling cars for many years and are the world’s leading companies in EV sales. Tesla cars are also selling well in China.
When was it launched?
Founded in 1995, BYD was originally a nickel cadmium battery manufacturer. The company has two divisions namely BYD Auto and BYD electronic. BYD Auto was founded in 2003, the same year as Tesla.
Not just EV cars
The company developed buses, forklifts, trucks, electric bicycles, etc. Tesla jumped into the Chinese market in 2017 to compete with BYD, which has been doing well in selling electric cars.
The anti-Tesla car
But BYD, which was ready to face Tesla, is competing with the Tesla Model 3 car, BYD Seal. BYD, which relied only on China, is now being introduced to various countries around the world. Let’s see how Tesla will deal with this.
