How China's BYD Overtook Tesla To Become The World's Biggest EV Maker

07 Jan 2024 | Abstracted from Autoblog

"Critical to BYD's success has been vertical integration. Instead of relying on other companies for parts, BYD managed to crack the code of producing EVs cheaply in part by making most of its own components...BYD has had a lot of help from the Chinese government and even Warren Buffett..BYD is building factories in Europe, Latin America and across Asia...its cars and buses are popping up in cities all over the world."

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