Tesla Inc (NASDAQ: TSLA) enjoyed the non-existent EV competitive landscape for quite a while as legacy automakers such as General Motors (NYSE: GM) and Ford Motor (NYSE: F) struggled to evolve. But then, China’s leading EV maker, came to the scene and turned Tesla’s world upside down. When it showed its new model back in 2007, BYD Company Limited (OTC: BYDDY) was a laughingstock. But, no one is laughing at BYD now who went far from being a battery manufacturer with a poor attempt of making a car to Tesla’s biggest threat. During the weekend, BYD even unveiled a super EV that promises to challenge even the luxurious Ferrari on the speed front.
BYD Is Going After The Luxury Market
A large part of BYD’s cars is in the lower price range, but BYD is also going for its part of the luxury market. Last year, BYD introduced its luxury ...