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Will Buffett-backed BYD beat Tesla to become largest EV manufacturer?

BYD has upped its game over the past two years with a range of EVs and higher-technology lithium iron phosphate batteries, allowing it to grab global market share

Elon Musk. Photo: Bloomberg
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Elon Musk. Photo: Bloomberg

Anjani Trivedi | Bloomberg
Over a decade ago, Elon Musk scoffed at the idea that China’s BYD Co. was a legitimate competitor. Oh, how the mighty have fallen.
 
Now, Warren Buffett-backed BYD is set to wash out its closest rival in China, Tesla Inc. Last week, a BYD executive said that his company was “preparing to supply batteries to Tesla very soon.” The potential deal will catapult BYD to become one of the world’s most prominent and largest EV and battery manufacturers.

It’s a smart move. BYD has upped its game over the past two years with a range of EVs and higher-technology lithium iron

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First Published: Jun 16 2022 | 6:51 AM IST

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