News Summary

• That matters because a battery accounts for about 40% of a new electric vehicle’s price.While BYD cars are not yet a common sight on American roads, many experts believe it’s only a matter of time, despite the high tariffs that help keep them at bay for now..
• But what’s caught other carmakers around the world off-guard is something else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices.“No one can match BYD on price..
• BYD launched an EV called the Seagull with a cutthroat price of about $11,000 last year in China, where it quickly became one of the bestselling EVs..
• I’ve never seen anybody like that…He is a natural engineer and a get-it-done-type production executive, and that’s a big talent to have in one place.” He added, “The guy at BYD is better at actually making things than Elon is.”.
• “Boardrooms in America, Europe, Korea and Japan are in a state of shock.”BYD can keeps its costs low in part because it owns the entire supply chain of its EV batteries, from the raw materials to the finished battery packs..
• Last year, Ford Motor executive chairman Bill Ford Jr. warned that American automakers are “not quite yet ready” to compete with Chinese rivals on EVs..