BYD Calls on China Automakers to ‘Demolish The Legends’


Image Recognition

ARTICLE SOURCE

BYD used an event this week to mark a production milestone to celebrate a bigger purpose – the emergence of China as a global auto manufacturing powerhouse. China’s automakers are locked in a bruising price war that was started by Tesla in January and which shows no signs of easing. “We should learn from BYD’s success.”“Salute to BYD!” said Li Xiang, CEO of Li Auto, who reposted the BYD video. A senior executive of China’s Great Wall Motor shot back that Chinese automakers should embrace the “reality of competition”. In July, the industry group representing China’s automakers retracted a pledge to avoid “abnormal pricing” brokered between 16 automakers, including BYD.