In particular in a comment thread comparing BYD and Tesla, Larry wrote, “BYD invests more in R&D and employs by far the most R&D engineers of any automaker. BYD has more clean tech IP. BYD is more vertically integrated. BYD makes all of its own batteries and supplies most of the materials within them. BYD has a larger business beyond automotive with a larger electronics, ESS, and solar presence (although these are lower-margin segments). BYD has a much larger commercial vehicle presence. And BYD is selling most of their vehicles below the $30,000 price point that Elon has been promising for over a decade but has never delivered upon.”
The above is the China market space. But that market space accounts roughly 50% of world EV sales.