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BYD, China’s largest electric automaker, isn’t as gung-ho about autonomous vehicles as many other autoindustry giants. A company spokesperson recently said that BYD believes self-driving tech that is “fully separated from humans is very, very far away, and basically impossible.”&
In this article, I’m analyzing at a high level what is happening to the autoindustry across propulsion types. For the purposes of this article, I assume that level 5 self-driving and driverless taxis don’t come for a while. I’ll break it down by region and also discuss individual companies.
All-electric e6 vehicles made by BYD charge up in Shenzhen, where the cars are used as taxis. BYD is in position to benefit from China’s electric-car subsidies. Electric-car producers in China, such as Shenzhen-based BYD Co., Electric-car producers in China, such as Shenzhen-based BYD Co., Japan and Europe.
Earlier today, Reuters reported that the automaker had ditched its efforts to develop the car and would look instead at developing autonomous taxis on the platform that would have underpinned it. It now seems that Tesla is following suit, despite repeated promises that it would develop a mass-market EV at a reasonable price.
In China, leading automakers BYD and Chery have announced plans to roll out their own electric models within the next two years. Similarly, in China, the sheer size of the autoindustry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. Investors, too, are excited.
Jeremiads lamenting China’s takeover of the global autoindustry are everywhere these days. Retreating behind tariff walls or outright bans will further isolate America’s autoindustry into a Galapagos market of ridiculous trucks sold at nosebleed prices.” Three recent accounts stand out from the pack.
We are in the midst of deep disruption to the autoindustry. A handful of cell manufacturers dominate the making of cells: LG Energy Solutions (formerly part of LG Chem), Samsung SDI, cATL, SK Innovation, Panasonic, BYD are the most prominent names. The entire supply chain feels the pressure to adapt to electrification.
Pune city has expanded their Olectra-BYD electric buses to 300+ numbers in 2020. Olectra-BYD has contracts to supply 30 electric buses to Dehradun, 150 to Surat, 25 to Silvassa. It's now up-to the autoindustry to launch more EV's. Mumbai's BEST has ordered 300+ buses from Tata Motors.
And if you doubt that they will learn, check out my cover story about BYD in the new issue of FORTUNE, headed to subscribers and newsstands this week. BYD is an amazing company. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. BYD’s engineering prowess.
The LEVC electric taxi might still be the only EV that both designed *and* produced on UK’s home turf. France’s autoindustry is probably the largest Western autoindustry that goes completely under the radar in the US. In South America BYD seems the only E-bus act in town. Domestic market not shabby either.
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