_tesla-chinese-rival-byd-predicts-aggressive-ev-price-war-will-lead-to-massive-price-cuts.jpg "Tesla Chinese Rival BYD Predicts Aggressive EV Price War Will Lead to Massive Price Cuts from global market data Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:35
👁 View: 450K times
✓ Published: 30-Apr-2024
👁 View: 450K times
✓ Published: 30-Apr-2024
Description:
BYD, the world's largest EV maker, predicts that electric cars will completely replace petrol vehicles. This has led to a 10% decrease in prices for 50 models in the industry. BYD's main focus is budget models, but China's EV market is slowing down. Chinese carmakers are expanding overseas to compensate for declining profits. Price competition is expected to spread to international markets. BYD, backed by Warren Buffett, recorded a record profit in 2023 with an 80.7 percent year-on-year increase.
BYD, the world's largest EV maker, predicts that electric cars will completely replace petrol vehicles. This has led to a 10% decrease in prices for 50 models in the industry. BYD's main focus is budget models, but China's EV market is slowing down. Chinese carmakers are expanding overseas to compensate for declining profits. Price competition is expected to spread to international markets. BYD, backed by Warren Buffett, recorded a record profit in 2023 with an 80.7 percent year-on-year increase.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_how-much-is-google-really-paying-apple-to-be-default-search-engine-on-ios-unsealed-court-papers-reveal-3620b-figure-for.webp "The antitrust lawsuit against Google‘s parent company, Alphabet has revealed that the company paid Apple a staggering $20 billion in 2022 for Google to be the default search engine in the Safari browser.")
_schmidt-looking-to-the-short-term-ahead-of-the-bledisloe-cup.webp "Schmidt's plan for Australia to win back the Bledisloe for the first time since 2002 isn't on his mind yet")
_bayern-victory-the-best-preparation-for-real-madrid-tuchel.webp "After Bayern Munich's 2-1 win against Frankfurt, Thomas Tuchel's full attention is on Real Madrid in the UCL")
_see-earth39s-lithospheric-magnetic-field.webp "The magnetized rocks of Earth's crust and mantle, also known as the upper lithosphere, accounts for generating 6 percent of the planets magnetic field. Data from the European Space Agency's Swarm satellites was used to create this high resolution map of the tiny magnetic signals. Red areas indicate positive magnetic field and blue area are negative. <br/><br/>Credit: ESA")
_poll-reveals-sharp-divide-in-biden-and-trump39s-supporters-based-on-media-consumption-124-oneindia-news.webp "A recent poll highlights the stark differences between supporters of President Joe Biden and former President Donald Trump, based on the media they consume. Join us as we delve into the impact of media preferences on political sentiment and explore how non-political news followers perceive the candidates. Stay tuned for insightful analysis and discussion on this revealing poll data. <br/> <br/>#JoeBiden #DonaldTrump #BidenSupporters #TrumpSupporters #USElectionsPoll #USPresidentialElections #BidenvsTrump #USMedia #Oneindia<br/>~PR.274~ED.103~GR.125~")
Poll Reveals Sharp Divide in Biden and Trump's Supporters Based on Media Consumption | Oneindia News
⏲ 3:9 👁 11M
_dni-avril-haines-testifies-about-global-threats-to-senate-armed-services-committee.webp "DNI Avril Haines testifies about global threats to the Senate Armed Services Committee.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_did-elon-musk39s-surprise-china-mission-pay-off-tesla-reportedly-inks-fsd-deal-with-internet-giant-baidu.webp "The report comes on the heels of Tesla CEO Elon Musk‘s unannounced trip to China over the weekend, fueling speculation about FSD’s rollout in the country.<br/><br/>Why It Matters: During Tesla’s recent earnings call, Musk expressed his desire to launch FSD in new markets, including China, pending regulatory approval.")
⏲ 0:52 👁 2.5M
_listen-to-a-meteor-slam-into-mars-and-watch-the-aftermath.webp "NASA Insight mission's seismometer data of a meteor slamming into Mars has been converted into sound.The meteor broke into multiple pieces during its entry into Mars atmosphere and created at least three craters which were imaged by NASA's Mars Reconnaissance Orbiter. <br/><br/>Credit: NASA/JPL-Caltech")
_how-much-is-google-really-paying-apple-to-be-default-search-engine-on-ios-unsealed-court-papers-reveal-3620b-figure-for.jpg)
_schmidt-looking-to-the-short-term-ahead-of-the-bledisloe-cup.jpg)
_bayern-victory-the-best-preparation-for-real-madrid-tuchel.jpg)
_see-earth39s-lithospheric-magnetic-field.jpg)
_poll-reveals-sharp-divide-in-biden-and-trump39s-supporters-based-on-media-consumption-124-oneindia-news.jpg)
_dni-avril-haines-testifies-about-global-threats-to-senate-armed-services-committee.jpg)
_did-elon-musk39s-surprise-china-mission-pay-off-tesla-reportedly-inks-fsd-deal-with-internet-giant-baidu.jpg)
_listen-to-a-meteor-slam-into-mars-and-watch-the-aftermath.jpg)
![[+]](/images/menu.gif){kind=small}