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Vishu Bheda

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Medialย โ€ขย 2d

๐—•๐—ฌ๐—— ๐—ถ๐˜€๐—ป'๐˜ ๐—ท๐˜‚๐˜€๐˜ ๐—ฏ๐—ฒ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—ง๐—ฒ๐˜€๐—น๐—ฎ - ๐—ถ๐˜'๐˜€ ๐—ต๐˜‚๐—บ๐—ถ๐—น๐—ถ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ๐—บ: โ€ข Sold 4 Million EVs in 2024 (Twice that of Tesla) โ€ข Tesla, Ford, and Toyota fight over its batteries โ€ข Warren Buffett invested $232M for a 10% stake How China quietly built BYD into the world's biggest EV empire: ๐—˜๐—น๐—ผ๐—ป ๐— ๐˜‚๐˜€๐—ธ ๐—ข๐—ป๐—ฐ๐—ฒ ๐—Ÿ๐—ฎ๐˜‚๐—ด๐—ต๐—ฒ๐—ฑ ๐—ฎ๐˜ ๐—•๐—ฌ๐——โ€”๐—ก๐—ผ๐˜„ ๐—ง๐—ต๐—ฒ๐˜†โ€™๐—ฟ๐—ฒ ๐—–๐—ฟ๐˜‚๐˜€๐—ต๐—ถ๐—ป๐—ด ๐—ง๐—ฒ๐˜€๐—น๐—ฎ In 2008, Elon Musk laughed at the idea of BYD competing with Tesla. Now, Tesla is slashing prices because BYD is forcing their hand. The man behind this? A chemist you've probably never heard ofโ€”Wang Chuanfu. ๐—ง๐—ต๐—ฒ $๐Ÿฎ๐Ÿต ๐—•๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—•๐—ฒ๐˜ ๐—ง๐—ต๐—ฎ๐˜ ๐—–๐—ต๐—ฎ๐—ป๐—ด๐—ฒ๐—ฑ ๐—˜๐˜ƒ๐—ฒ๐—ฟ๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด In 1995, Wang Chuanfu started BYD as a battery company for Nokia phones. By 2003, with zero car experience, he bought a failing automaker. People laughedโ€”until Warren Buffett bet $232M on him. Meanwhile, China had a problem. The country was set to become the worldโ€™s largest oil importer. The government saw an opening: skip gas cars entirely and dominate EVs instead. Between 2009-2022, China poured $29 billion into EV development. But money wasnโ€™t enoughโ€”they needed control. ๐—›๐—ผ๐˜„ ๐—–๐—ต๐—ถ๐—ป๐—ฎ ๐—ง๐—ผ๐—ผ๐—ธ ๐—ข๐˜ƒ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ ๐—˜๐—ฉ ๐—ช๐—ผ๐—ฟ๐—น๐—ฑ Batteries make up 40% of an EVโ€™s cost, so China took control of the supply chain: 100% of the worldโ€™s graphite refining 75% of cobalt refining 60% of lithium refining Even if other countries mine the materials, China refines them. They also gave BYD a massive head startโ€”Shenzhen converted 16,000 buses to BYD electric models overnight. Then came the Blade Battery. ๐—ง๐—ต๐—ฒ ๐—•๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜† ๐—ง๐—ต๐—ฎ๐˜ ๐—ฆ๐—ต๐—ผ๐—ผ๐—ธ ๐—ง๐—ฒ๐˜€๐—น๐—ฎ In 2020, BYDโ€™s Blade Battery passed the "nail penetration test." Other EV batteries exploded. BYDโ€™s? Nothing happened. It was cheaper, safer, and faster-charging than anything else. Even Tesla had to buy it. ๐—•๐—ฌ๐—— ๐˜ƒ๐˜€. ๐—ง๐—ฒ๐˜€๐—น๐—ฎ: ๐—ง๐—ต๐—ฒ ๐—ก๐˜‚๐—บ๐—ฏ๐—ฒ๐—ฟ๐˜€ ๐—š๐—ฎ๐—บ๐—ฒ BYD doesnโ€™t just make cars. They: โ€ข Mine their own lithium โ€ข Refine their own materials โ€ข Make their own chips โ€ข Build their own batteries The result? A $11,500 EV vs. Teslaโ€™s cheapest car at 4x the price. Now, in 2024, BYD overtook Volkswagen as Chinaโ€™s #1 car brand. Tesla chased margins. BYD played the volume gameโ€”and won. Follow Vishu Bheda for more valuable startup and business insights.

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