Remove Auto Remove Batteries Remove Cheap Remove Hungary
article thumbnail

China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

Back in September, the EU launched an investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the EU. Still, it’s no surprise that China-made EVs and batteries are becoming a big business outside of China, with BYD alone selling 1.6

China 52
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. The car came straight to Omaha from the Detroit auto show. BYD CEO Wang Chuan-Fu figured out how to make cheaper batteries than the Japanese by replacing machines with migrant workers.

BYD 62
article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

It was started by a chemist and government researcher named Wang Chuan-Fu in 1995 (same year as Yahoo) to make rechargeable batteries, which it learned to do very well. Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo. BYD is an amazing company.

Chinese 28
article thumbnail

2020 Top 10 Countries in the Global EV Revolution

EV Sales

Since the general auto market remained slumped, global EV market share increased nicely from 2.8% France’s auto industry is probably the largest Western auto industry that goes completely under the radar in the US. If Norway also had an auto or EV-battery industry, no country could catch it in the charts.

2020 52