How BYD, Great Wall, and other key Chinese EV makers are reshaping the global auto industry
The world’s auto industry is getting a shake-up from Chinese automakers that are quickly expanding across the globe, offering relatively affordable electric vehicles designed to wow car buyers with sleek designs and the latest high-tech interiors.
Companies like BYD, Great Wall, Geely, and Chery Automobile are reaching outward as they build the scale they need to survive cutthroat competition in their home market.
These generally are not state-run giants like SAIC, BAIC, and Guangzhou Automotive. The founder of Geely started out making refrigerators.
BYD first built up its expertise in battery technology, now its biggest advantage as the world’s largest-selling EV maker. Some others are technology companies allied with automakers to offer autonomous driving.
Here are some of the key players:
Great Wall Motors, with the Haval, Wey, Ora, Poer, and Tank brands, is banking on overseas sales to keep growing after seeing its sales inside China fall by nearly 15% last year, even as the company’s net profit jumped more than 80%. The company has factories in Russia, Thailand and Brazil, where it is challenging Toyota’s popular........
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