Professor Jeffrey sacks University of Colombia explains How China leave United States behind of their technology such as Solar power, EV, green energy for example In 2023, Chinese automaker BYD officially overtook Tesla to become the world’s largest producer of electric vehicles, marking a historic shift in the global auto industry. The rise of BYD, led by founder Wang Chuanfu, is a major victory for China’s EV sector, and a serious blow to Elon Musk’s longtime dominance. Just a few years ago, China was a net importer of cars. Now, it’s the top vehicle exporter worldwide, and BYD is at the center of this transformation. With affordable models like the BYD Seal, an EV priced under $30,000, BYD is delivering competitive tech at prices traditional Western automakers can’t match. A Battery Company Turned EV Leader BYD started in 1995 in Shenzhen as a battery manufacturer. Using a $1 million family loan, Wang Chuanfu built the company from the ground up, supplying phone batteries to brands like Nokia and Motorola. In 2003, BYD bought a small EV company and shifted into the car business. Unlike others, BYD took a different approach; it built cars around its batteries, giving it an advantage in efficiency and cost. By 2009, BYD had caught the eye of Warren Buffett, who invested $250 million in the company. Over the next decade, BYD grew rapidly, helped by the Chinese government’s push for electric vehicles under its “Made in China 2025” strategy. Surpassing Tesla by the Numbers In 2024, BYD earned $170 billion in revenue, beating Tesla’s $155.5 billion. Its valuation climbed to over $100 billion, putting it ahead of Tesla at $97.7 billion. This success comes from vertical integration—BYD produces its batteries, builds its vehicles, and even controls parts of its lithium supply chain. According to UBS, BYD cars cost around 15% less to produce than Teslas built in the US or Europe. With deep control over its supply chain and manufacturing, BYD can deliver EVs at prices that make global competition extremely difficult. #china #byd #overtake #tesla #become #world #largest #producer #electric #vehicles

WHO Benefits? Whose “Unity of Purpose”? The USA and EU want to help liberate Bukina  Faso and the SAHEL region 🤔 Mali, Niger…! #sahel #i#ibrahimtraoremali #senegalaise_tik_tok #ibrahimtraore #niger #bukinafaso #eu #usa #russia #china #b#bukinafaso🇧🇫a#airfrancef#francee#edutokt#truthologyn#newsb#breaking 🪬🧿Legal Notice 🪬🧿 Not Amendable to Process, without recourse Accepting Liability Offers Under Fully Immunity Recourse Lawful Money is Demanded on all accounts and transactions per 12 USC 411 All information posted on this page is merely for Entertainment, educational and informational purposes. It is not intended as a substitute for professional, legal or health advice. Should you decide to act upon any information on this, you do so at your own risk.We cannot guarantee that there are no mistakes or errors. We reserve the right to change this policy at any given time.