BYD, the move eliminates its competitors; they beat everyone

The Chinese giant BYD is expanding, and now news has arrived that scares its rivals. Let’s find out what’s going on.

Chinese manufacturers are threatening the world market, especially when it comes to electric vehicles. Dragon Country is very first in the field of car manufacturing, and BYD is its flagship. In recent days, there have been new controversies about the government subsidies that Chinese producers would receive from the government, and the European Union which, if you remember, decided some time ago to launch an investigation against dumping.

The goal is to understand if and to what extent these subsidies have affected the ability of Chinese companies to sell low-cost cars, which would lead to a form of unfair competition against Europe and the West in general. Returning to the constructor mentioned above, BYD delivered poor results in 2023, even surpassing Tesla in global sales last quarter.. For 2024 the goal is to win the whole year, which will be a big blow to the company. Elon Musk.

The electric car giant has also started contacts with Italy to open a second production plant in Europe after the one under construction in Hungary, but for now, it is not certain whether the operation will be successful. At the same time, there are other countries where the program is taking place, and the goals are very big. Big opponents can no longer take it easy on electricity.

BYD, now even Fiat is starting to tremble

Brazil is a market that is considered very important by manufacturers, due to the large number of people living there and the fact that motorization must be increased year by year compared to the past. well, in recent periods the landing of cars from abroad has increased, with Chinese cars leading this level. The BYD has felt the good opportunity, and consider that almost 40% of the imported products come from the Dragon country, a figure that cannot leave other products untouched.

These days, BYD is the brand that sells the most electric cars in Brazil, with 14,939 vehicles registered in the first quarter of 2024.. Imagine that in the second place, you took with A big wall, there is a manufacturer that did not go beyond 5,735 units sold, basically a third compared to the previous one. This makes us understand the great strength of the Chinese company, which is now also building a production plant in Brazil, with the aim of gradually increasing its business in a very important market.

In this sense, Fiat may also start to worry, as the Brazilian market is a market that has been very strong. Some models like the Fastback are selling like hotcakes, but now, if the challenge were to move slowly to electric, BYD could seriously destroy all kinds of competition. China is the new frontier for cars and the challenge has already begun.