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submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker::Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

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[-] ShepherdPie@midwest.social 3 points 10 months ago

Dominating which market though? China is heavily subsidizing these cars like they do with a lot of new tech when they want to undercut non-Chinese companies. I guarantee if any other manufacturer had similar subsidies, the situation would be different.

this post was submitted on 27 Dec 2023
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