Tesla Vs BYD: India new battleground! China's this person to crush Elon Musk's dream? he has been an expert in…
In recent months, BYD has surpassed Tesla in global EV sales, delivering 380,000 cars worldwide, while selling just 500 units in India last month barely 0.1% of its global sales. Despite its relatively low profile in India, BYD's technology is considered highly advanced internationally. In China, its new models can charge in just 5 minutes and offer a range of over 500 kilometers, which is nearly 50 times faster than popular EVs like the MG ZS EV, according to investor Rahul Mathur. Journey Of BYD
Wang Chuanfu, the founder and chairman of BYD, is known for his tireless work ethic and for working 70 hours a week. He commutes by car himself, and lives alongside workers in BYD's factories. Originally a battery manufacturer, Wang founded BYD in 1995, entered the automobile market in 2003, and launched his first EV in 2009.
His vision is to make EV charging as quick and easy as refueling a petrol car. The late billionaire Charlie Munger, Vice Chairman of Berkshire Hathaway, once described Wang as a combination of Thomas Edison and Jack Welch. Berkshire invested $230 million in BYD in 2008, which has now grown over 15 times in value. BYD In India
In 2022, BYD launched its Atto 3 SUV in India, which is assembled in Chennai. However, as of May 2025, BYD accounted for less than 4% of India's EV market share.
Tesla, meanwhile, is preparing a major entry into India, hoping to compensate for its declining global sales by tapping into the fast-growing Indian EV market. But Wang Chuanfu can also block Musk at every turn. The Chinese businessman is preparing to deliver such a blow to Musk's Tesla that it would be hard for it to recover.
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United News of India
36 minutes ago
- United News of India
Companies in Hyde are really lucky to have Genome Valley: Estonian Ambassador to India Ms Marje
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Economic Times
2 hours ago
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IRDAI warns brokers on deal rush
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Business Standard
2 hours ago
- Business Standard
India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices
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