TSLA - BYD Poised For Breakout Global Automotive Leadership
2024-06-16 12:44:02 ET
Summary
- Sales and financials approaching Tesla in battery-electric vehicle (BEV) category.
- Low-cost models will bring brand to mass market in the West.
- Rising popularity will pressure BEV startups and legacy automakers.
- Cybersecurity worries constitute potentialheadwind for BYD and Chinese automakers.
On a recent trip to Israel I was quite surprised to learn that BYD (BYDDY), a little known automaker based in China, for the first time had attained No. 1 brand status among consumers in the Jewish state based on unit sales for April. Previously, Hyundai Motor owned that distinction....
BYD Poised For Breakout Global Automotive Leadership