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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH SUBSCRIBE FOR $1/WEEKLog in Business|How China Built BYD, Its Tesla Killer https://www.nytimes.com/2024/02/12/business/byd-china-electric-vehicle.html * Share full articleShare free access * * A saleswoman showing a car at a BYD showroom in Shenzhen, China. Over 80 percent of BYD’s sales are in China, but exports to Europe are expanding.Credit...Gilles Sabrié for The New York Times HOW CHINA BUILT BYD, ITS TESLA KILLER The leading Chinese electric vehicle company, with origins as a battery maker, has posted two years of million-car growth in sales. A saleswoman showing a car at a BYD showroom in Shenzhen, China. Over 80 percent of BYD’s sales are in China, but exports to Europe are expanding.Credit...Gilles Sabrié for The New York Times Supported by SKIP ADVERTISEMENT * Share full articleShare free access * * * Read in app By Keith Bradsher Keith Bradsher, who has covered China’s auto industry since 2002, reported from Shenzhen, China. * Feb. 12, 2024 China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China auto industry analyst. Nobody is laughing at BYD now. The company passed Tesla in worldwide sales of fully electric cars late last year. BYD is building assembly lines in Brazil, Hungary, Thailand and Uzbekistan and preparing to do so in Indonesia and Mexico. It is rapidly expanding exports to Europe. And the company is on the cusp of passing Volkswagen Group, which includes Audi, as the market leader in China. BYD’s sales, over 80 percent of them in China, have grown by about a million cars in each of the past two years. The last automaker to accomplish that in even one year in the American market was General Motors — and that was in 1946, after G.M. had suspended passenger car sales during the four preceding years because of World War II. Advertisement SKIP ADVERTISEMENT “BYD’s growth is unlike anything the industry has seen in many decades,” said Matt Anderson, curator of transportation at the Henry Ford Museum in Dearborn, Mich. Based in Shenzhen, the hub of China’s electronics industry, BYD has shown how Chinese carmakers can tap the country’s dominance of electrical products. No company has benefited as much from China’s embrace of battery-electric cars and plug-in gasoline-electric cars. These vehicles together make up 40 percent of China’s car market, the world’s largest, and are expected to be more than half next year. Like most Chinese automakers, BYD doesn’t sell its cars in America because Trump-era tariffs remain in place, but BYD does sell buses in the United States. Subscribe to The Times to read as many articles as you like. Keith Bradsher is the Beijing bureau chief for The Times. He previously served as bureau chief in Shanghai, Hong Kong and Detroit and as a Washington correspondent. He has lived and reported in mainland China through the pandemic. More about Keith Bradsher * Share full articleShare free access * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options