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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
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Reply to @donnathomas1259 trinidad and tobago’s doubles 🇹🇹 #abirzkitchen #trinidad #trinidadandtobago #doubles #fyp
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#usa #rebel #donaldtrump #uscongress #terror #africantiktok
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Africa must change her Education System- PLO Lumumba #africa umba #education #ghan #kwamenk #panafricanism #colonialism #black
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I know my parents don't push me towards security because they don't love me. I know they love me, they have always pushed me towards security because they've been through war, famine and poverty. The idea of doing something that you love, is incredibly foreign to my parents. They didn't get to do what they loved, they had to do what they could to stay alive. It's taken so many conversations with my parents to help them truly understand that we no longer live in such a dangerous place. After years of connecting, talking and listening - I was able to open my mum and dad's way of thinking. About 4 years ago my dad comes up to me and said something that truly moved me... He said.. "Son, thanks for not giving up on your dreams and thanks for not giving up on us. Thank you for being patient and helping your mother and I understand this new world." The relationship we have with our parents is one of the most special relationships. Don't give up on them, just because they don't immediately support you in your dreams - take the time to talk with them, explain to them, listen to them and be patient with them.
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