BYD challenging Tesla

BYD challenging Tesla

Many customers who want to switch to electric but feel resistance due to the high price of the most sold electric car tesla.

People have started considering BYD electric car instead of Tesla as it has low cost and the ability to give premium features.

BYD will cost you 2/3rd of Tesla’s Modal 3 with more or less, the similar features.

And in future they are planning to expand their product portfolio to electric buses, trucks, etc.

Along with just cars BYD is making its own semiconductors and batteries.

BYD is now the 3rd largest battery maker globally with over 16% market cap.

However the Idea of making quality EV cheaper isn’t a new idea, Tesla announced doing the same long about but didn’t launch it.

These smart moves of BYD would easily takeover the Tesla’s market cap.

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