Why BYD Is Now The Clear EV Leader - CleanTechnica

The article highlights BYD's emergence as the clear leader in the electric vehicle (EV) market, emphasizing the company's strong engineering and problem-solving approach under CEO Wang Chuanfu. Rather than focusing on past successes or promises, BYD addresses challenges head-on, turning criticism into motivation. For example, despite earlier doubts about their intelligent driving technology, BYD now sells 79% of its vehicles equipped with advanced driver-assistance systems (ADAS) in China, outperforming competitors including Tesla in real-world tests. BYD has also initiated a "payment war" by shortening supplier payment terms, pressuring competitors and accelerating industry consolidation. The article further debunks common criticisms of EVs by showcasing BYD’s advancements: EVs are now less expensive than internal combustion engine vehicles in several markets; BYD’s revenue and profit margins are growing even as prices decline; their product range is broad and specialized; charging speeds have improved dramatically with 400+ km range added in five minutes; and battery technology offers