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So Long, Elon Musk
Tesla gets smacked down in the electric car industry
The number one electric vehicle company in the world is based in (drumroll)…CHINA.
Yes.
The company is called BYD which stands for “Build Your Dreams.” And quietly, without fanfare, or celebration, BYD, a company specializing in electric vehicles, sold more vehicles than Tesla for the first half of this year.
Perhaps this explains why Musk killed his famous Twitter deal. He is going to get back to focusing on electric cars rather than getting #45 President back to tweeting.
BYD’s emergence seems sudden but it isn’t. It announced in April 2022 this year a total shift away from gas vehicles. The company does not produce vehicles that run on gas or oil anymore. The company’s rise has been steady and methodical.
The rise of BYD did not get a lot of play in the America press, but it is more evidence of the changing world we live in right now. China, as has been predicted for years, remains on the move, economically and globally.
BYD is run by the antithesis of Mr. Musk. His name is Wang Chuanfu. Wang is a billionaire but also a chemist who started BYD in 1995. BYD was started as a battery company but now has diversified and has become a powerhouse in the electric vehicle…
