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BYD is coming for Europe—but high labor costs, connectivity issues, and stubbornly loyal customers might trip up the Warren Buffett-backed EV maker that’s leaving competitors in a ‘state of shock’ (fortune.com)
submitted 9 months ago* (last edited 9 months ago) by MicroWave@lemmy.world to c/evs@lemmy.world
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If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.

It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.

However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.

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[-] PanArab@lemmy.world 3 points 9 months ago

I hope they come to the Middle East, I'd love to have one

[-] Diplomjodler@feddit.de 2 points 9 months ago

They will. Once battery supply is sorted out, EVs will be cheaper to buy than ICE cars.

[-] PanArab@lemmy.world 3 points 9 months ago

In Saudi Arabia EVs are already cheaper to fill up. Just waiting for the cheap Chinese EVs.

this post was submitted on 29 Jan 2024
28 points (96.7% liked)

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