The hottest car brand in the world - not available in America

The hottest car brand in the world - not available in America

In the world of electric vehicles there is a Chinese company that exceeds Elon Musks Tesla. And that's just the beginning.

BYD overtakes Tesla and sets new standards

The Chinese electric vehicle company BYD based in Shenzhen exceeded Tesla last year at annual sales. Last week, the company presented a revolutionary battery charging technology that adds a range of 400 kilometers in just five minutes. This means that BYD surpasses the Tesla superchargers, who need 15 minutes to load 320 kilometers of range. Last month, BYD also launched "God's eye", a progressive driver assistance system that competes with Tesla's "Full Self-Driving" function-and without additional costs for most vehicles.

These developments are just three examples of how BYD Tesla exceeds in terms of sales, innovation and price competition. The company, which was once dismissed by Elon Musk, is now a serious competitor.

expansion of BYD on the global market

After BYD dominated the Chinese home market, the world's largest car market, the company now intends a global expansion. A remarkable condition, however, is that access to the US market is practically denied due to 100% tariffs on cars for BYD.

Here are the most important information about the rise of the Chinese electric car manufacturer and how he revolutionizes the global market for clean energy vehicles.

What is BYD?

The BYD company, founded by Wang Chuanfu in the Megacity Shenzhen in 1995, is the leading automobile manufacturer of China. The company exports electric taxis, buses and other vehicles to markets in Europe, South America, Southeast Asia and the Middle East. According to the China Passenger Car Association, BYD accounted for 32% of the total sales of new energy vehicles last year, while Tesla only had a 6.1% market share.

for 2024 BYD reported sales of $ 107 billion, which corresponds to an increase of 29% compared to the previous year, for deliveries of 4.27 million vehicles, including hybrids. For comparison: Tesla generated sales of $ 97.7 billion in 2024 and delivered 1.79 million battery -operated vehicles.

The most popular models from BYD

The best-selling BYD car models are the Qin and the song, which are aimed at a broad consumer base that pays attention to the affordability of the company. The Qin, a compact sedan, is available both as a plug-in hybrid and as a fully electric model, while the song series consists of compact crossover SUV.

In contrast to Tesla, which has positioned itself as a premium brand, BYD's success is based on a high price -accessibility. The entry -level model in China only costs just over $ 10,000, while the cheapest model 3 of Tesla costs over $ 32,000. Although BYD's passenger cars are not yet available on the US market, the company's electric buses are already in use in California.

who is Wang Chuanfu?

Wang Chuanfu was born in a simple rural family in the province of Anhui in 1966. Tragically, both parents died early, causing him to orphaned during the middle school. Wang supported himself with the help of his older brother, who ensured his training. He worked for several years at the state research institute for non -iron metals in Beijing, where he acquired his master's degree.

Wang soon saw a chance and founded BYD with a team of around 20 people and 2.5 million Yuan (around $ 352,000), which he had borrowed from his cousin. He used China's cheap workforce to revolutionize an industry that was previously dominated by Japanese companies.

How does BYD sell its cars so cheaply?

BYD did not start with the production of cars, but was initially a battery manufacturer. Wang emphasized that this laid the basis for the success of the company and the company was preparing for the future. "The bottle neck for electric vehicles is the battery," he said in an interview. "If you master the battery technology or predict your future direction, set the strategic course for the entire EV industry."

BYD also produces a high percentage of its components internally, compared to other automobile manufacturers, which enables production to scale faster and significantly reduce the costs. Due to this vertical integration and an aggressive price strategy in the middle of an ongoing price war in China, BYD is viewed as an important player in the industry.

Why are his cars not available in the USA?

For the moment, BYD and other Chinese electric vehicles are actually excluded from the US market due to tariffs. Nevertheless, BYD plans to increase the total deliveries by almost 30% this year and almost double the oversee deliveries to over 800,000 vehicles.

Wang has assured that the company does not plan to re-allow the research and development expenditure. Despite the absence of the US market, BYD is making progress in other regions. However, some challenges signal that geopolitical tensions and operational difficulties exist in different countries.

In Brazil, it was reported that workers were employed at a BYD construction site under "slavery-like conditions", which the company later denied. Delays are reported in Mexico when approving a local factory, as there are concerns that BYD's intelligent vehicle technology could possibly be passed on to the USA.

Nevertheless, some analysts believe that BYD has become an unstoppable force that focuses on both price and innovation. "They are only at the beginning," said analysts about the company.