[Dippy]

BYD has been the EV carmaker to beat in recent times. Over the past five years, it has climbed the ladder to establish itself as a major automotive giant. And there’s no denying that Tesla is its biggest rival currently.

However, BYD’s executive vice president, Stella Li, thinks there is scope for both carmakers to come together and join hands and take down internal combustion engine (ICE) cars. During an interview with the Financial Times, she said, “Our common enemy is the internal combustion engine car. We need to work together . . . to make the industry change.”

Li is not talking about teaming up with Tesla and co-developing a new vehicle together. Rather, she believes that EV makers can work together to take the auto industry forward.

She also said that the Chinese car market was the ‘homeland for innovation’ and that the government will support foreign companies looking to expand into China, even amid rising differences with the European Union and the U.S.

The European Union has slapped tariffs on BYD and other Chinese EV makers and is pushing for Chinese companies to transfer intellectual property to European businesses in exchange for subsidies. On the other hand, the Chinese government is actively encouraging local companies to limit their investments in foreign manufacturers.

The European Commission says that China’s growth in the European market is due to a range of subsidies throughout the production process. These include discounted lithium and battery supplies from state-owned enterprises, tax breaks, favourable financing from state-controlled banks, and even cheap land to build factories. Despite these issues, BYD is pushing its plans for factories in Hungary and Turkey.

Li said she wasn’t worried about being shut out of the U.S. market either. BYD seems to have the confidence to grow further and beat the internal combustion engine sooner or later.

Source: Carscoops

Link to Team BHP news

[SmartCat]

Originally Posted by Dippy

However, BYD’s executive vice president, Stella Li, thinks there is scope for both carmakers to come together and join hands and take down internal combustion engine (ICE) cars. During an interview with the Financial Times, she said, “Our common enemy is the internal combustion engine car.

"join hands and take down petrol cars"
"our common enemy is petrol cars"

Somewhat immature statements by Stella Ji.

[Sk8r]

I strongly believe this has something to do with more than just "cars".

Probably Stella Li is of the view that " we make friends with Telsa >> we make friends with Musk >> we make friends with Trump >> we are saved from Tariff "

[Random_Alien]

Originally Posted by Sk8r

I strongly believe this has something to do with more than just "cars".

Probably Stella Li is of the view that " we make friends with Telsa >> we make friends with Musk >> we make friends with Trump >> we are saved from Tariff "

To add to it, they might think of it as an opportunity to ship cars to India with reduced tariffs (the trump & Musk effect)

Sort of clever isn't it?

[spkrnh]

If I was with Tesla I would be more worried about what technology BYd and China would want to steal from them.

[NomadSK]

To me it sounds like you scratch my back and I will scratch yours and let’s keep afloat together rather than getting drowned with “drill baby drill” back in vogue !!

It’s stupidly hilarious to call ICE at 90% to be enemy of EVs at 10% (that’s just a wild guess).

[DicKy]

Originally Posted by SmartCat

"join hands and take down petrol cars"
"our common enemy is petrol cars"

Somewhat immature statements by Stella Ji.

Expected from the same company that said, "let us destroy old legacy brands and create new brands under Chinese auto"

Not sure if they are 'innocently' not able to use English in a diplomatic way. Or just their arrogance stemming from success coming out.

[anjan_c2007]

The BYD CEO wants to work together with Tesla to make the "industry" change. "Industry" changing is somewhat of a boardroom like talk. What about the changing the buyers perception? Both say ICE cars are their common enemy. If buyers decide to stay on with ICE cars what can Tesla and BYD do? Launch ICE cars to supplement their portfolios ?

The Bald Eagle and Dragon are there at the helm. Hence, with the once think able but now unthinkable pairing, they need to be aware of the headwinds sweeping the targeted nations including China since late January 2025, from the once promiseland or the land of opportunities.

[rohanshivi1]

Originally Posted by Dippy

BYD has been the EV carmaker to beat in recent times. Over the past five years, it has climbed the ladder to establish itself as a major automotive giant. And there’s no denying that Tesla is its biggest rival currently.

However, BYD’s executive vice president, Stella Li, thinks there is scope for both carmakers to come together and join hands and take down internal combustion engine (ICE) cars. During an interview with the Financial Times, she said, “Our common enemy is the internal combustion engine car. We need to work together . . . to make the industry change.”

Li is not talking about teaming up with Tesla and co-developing a new vehicle together. Rather, she believes that EV makers can work together to take the auto industry forward.

Guess this collaboration will not be good for the buyers since they will be dominating the World's market with a very high percentage which would be resulting in their monopoly and controlling the market with whatever price they quote.