Tesla vs BYD: Who will win the EV pricing war, Chinese market, and global market in 2023?
Tesla recently waged a pricing war and lowered prices globally. Bloomberg, Forbes, and other media outlets believe that China’s EV maker BYD will threaten Tesla in the international market in 2023. Western media has not shown much confidence in Tesla and its founder Elon Musk since Musk took over Twitter. Let’s remove politics from business and compare Tesla and BYD’s prospects in 2023 in the following four areas:
-Tesla’s pricing war
-Growth potential in the Chinese market
-BYD’s overseas market strategy and challenges
-Tesla’s challenges in China
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Chinese References
http://www.stcn.com/article/detail/747925.html
https://mp.weixin.qq.com/s/6pfDwmBSSeZMrR31ZCqMGQ
https://c.m.163.com/news/a/HL1AMLHM0553DXPD.html
https://www.163.com/dy/article/HK9LP9HI0527AEB4.html
http://redchinacn.net/portal.php?mod=view&aid=50784
English References:
https://www.reuters.com/business/autos-transportation/chinas-byd-expands-electric-vehicle-operation-brazil-2022-11-17/
https://www.forbes.com/sites/qai/2023/01/23/could-byd-outpace-tesla-if-they-sold-in-north-america/?sh=602e601515d3
https://www.reuters.com/technology/chinas-byd-takes-cautious-approach-us-global-ev-push-2023-01-18/
https://www.bloomberg.com/news/articles/2023-01-13/byd-challenges-tesla-for-global-electric-car-sales-supremacy
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