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

Baua Electric

BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. 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
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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. BYD CEO Wang Chuan-Fu figured out how to make cheaper batteries than the Japanese by replacing machines with migrant workers. The E6 will hit the Chinese market later this year.

BYD 62
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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
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2020 Top 10 Countries in the Global EV Revolution

EV Sales

For example, with increasing evidence of genocidal Chinese government towards Uyghur residents, including forced labor camps, the lack of transparency regarding whether any Chinese EVs benefit from such labor prompts me to deduct 1 production point from China (out of ~25 it had earned). Globally ~14k Ioniq BEVs were sold.

2020 52