Friday, August 11, 2023

China's Largest Electric Vehicle Maker Calls On Chinese Auto Manufacturers To Unite And “Demolish” Their Competition.

At the moment Tesla is sourcing 40% of its batteries from Chinese manufacturers.

From The Telegraph via Yahoo Finance, August 11:

Chinese electric car giant declares war on Western rivals

China’s biggest electric carmaker has waged war on Western rivals by calling on the country’s auto manufacturers to unite and “demolish” their competition.

BYD’s founder Wang Chuanfu made the declaration after his company delivered its five millionth electric vehicle, as he claimed the “time has come for Chinese brands”.

The rhetoric has been seen by some as the clearest indication yet that Western car brands are in danger from China’s agile and well-resourced suppliers.

Former Aston Martin chief executive Andy Palmer said manufacturers in Europe and the US face a “real and present danger”.

Mr Chuanfu made the comments during a presentation earlier this week, as he claimed “it’s an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global”, according to Reuters....


I tell my Chinese friends that when they say things like that it sounds racist.
They laugh.