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10-02-2023, 02:52 PM
China’s BYD is overtaking Tesla as the carmaker extraordinaire - It is the next Toyota of EVs
BYD is Toyota’s EV partner in China as well as a rising competitor globally. More important, it emulates many of the traits that for decades have made Toyota the world’s most successful car company.
Both East Asian firms share historical parallels. They did not start in the car industry. The company that gave rise to Toyota made automatic looms. BYD’s inaugural products were batteries for mobile phones. From the outset, they were so far behind their global carmaking rivals that they looked to do things differently
https://www.economist.com/business/2023/...aordinaire
BYD is Toyota’s EV partner in China as well as a rising competitor globally. More important, it emulates many of the traits that for decades have made Toyota the world’s most successful car company.
Both East Asian firms share historical parallels. They did not start in the car industry. The company that gave rise to Toyota made automatic looms. BYD’s inaugural products were batteries for mobile phones. From the outset, they were so far behind their global carmaking rivals that they looked to do things differently
https://www.economist.com/business/2023/...aordinaire
