RiderTua.com – BYD was able to prove itself as the best-selling electric car brand in the world last year. They can also beat Tesla, which has long held the top sales position for a long time. Not only BYD, a number of brands from their home countries are also starting to enter the global market. So this makes it difficult for several European brands to compete.
BYD Dominated the Global Electric Car Market Last Year
Initially, many consumers did not really trust the quality of cars from brands from the Land of Bamboo Curtain. However, everything has changed since a number of manufacturers from this country have continued to improve the quality of their products. Especially BYD which can present a number of electric cars, and is able to seize the top position in global electric car sales from Tesla.
Not only BYD, other brands such as Chery and MG Motor (held by SAIC) also continue to penetrate the global market. Not a few of them sell electric cars, even with quality that can make them compete against European brands. The presence of the brand from the Land of Bamboo Curtain has apparently made manufacturers such as Volkswagen and Renault somewhat overwhelmed in competing in their market.
Car Quality is Getting Better
It is clear that the quality of cars from brands from this country is getting better, especially if they are sold at affordable prices, of course consumers will be increasingly interested in cars like this. If European car manufacturers do not have new innovations to compete with their competitors, they could be far behind BYD et al. So Renault is considering a number of brands to collaborate in strengthening the market and line-up of electric cars.
Although the challenge is creating a supply chain for car components such as batteries and other electronic devices. BYD and a number of other brands can have a pretty good supply of BEV car components, not to mention the incentives provided. Mercedes-Benz and BMW themselves were known to have collaborated like this, but who knows what will happen next.
