A Warren Buffet-backed Tesla competitor is making a dent in Elon Musk's EV empire
Some industry watchers like Michael Dunne, founder of the EV industry consultancy, think BYD is primed to become the EV sales leader and dethrone Tesla. But comparing them is a bit like comparing apples to oranges, he says.
BYD has a few advantages that will propel it to market dominance by 2025, according to Dunne: While Tesla is solidly a luxury brand — its cars go for around $50,000 and up — BYD sells vehicles under multiple brands and at several price points. The automaker is also one of the world's leading battery manufacturers.
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