BYD pledges to work with rival Tesla to combat petrol cars

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China’s leading electric vehicle manufacturer promised to work with rival Tesla to fight Petrol cars, and emphasized that Beijing was “more open” for foreign business than the West.

“Our ordinary enemy is an internal combustion engine car. We need to work together. The The In an interview with The Financial Times, Bid’s Executive Vice-President Stella Lee said in an interview with The Financial Times.

Despite his comments, the two Carmakers want to be the largest EV group in the world. Bidi is targeting Rapidly increase sales In Europe, with developed EVs with more product offers than the United States. Instead, European sales have declined behind the growing political activism of Tesla Elon Mask.

Talking A Bidi London showroom, Lee, said that despite trade tensions with Brussels and Washington, China agreed to share the original technologies for EVS and autonomous vehicles with foreign companies.

“[The] The Chinese government is more open so there are probably many misconceptions here, “he said.

He also added that the Chinese vehicle market is called “innovation’s homeland” and calls for coming to foreign companies ChinaThe “The government will support you and allow you to permit any technology they will work with you,” he said.

BYD has revealed last month that it is through the advanced smart driving function “God’s Swear Eye” Self-driving system It will become available to customers in most models without additional expenses.

This declaration has encouraged low-income industrial-worn anxiety for this national driver support technology, analysts predicted that the whole market would be forced to follow the popularity of smart driving functions.

Warren Buffett-backed groups are also aggressive in the European market with the plan of local production through Hungary and Turkey plants to counter the European Union’s higher tariffs against the import of EVs made in China. According to a filing on Tuesday, the BYD collected $ 5.6 billion by the sale of Hong Kong.

However Brussels also wants Chinese companies Transfer of intellectual property In exchange for the European Union subsidy to the European business. Meanwhile, Beijing, in response to increasingly Western security, indicates that they want to limit some advanced foreign production to Chinese companies.

In recent years, China has gradually expanded export controls to technology and processes in battery materials like rare earth, which turns the refined rare earth into metals and turns the permanent magnets used in EVs.

When asked about the recent political development in the EU about sharing technology, Lee said he did not pay attention to politics because it was “short -term” and in the end, customers would choose better products.

He said the Chinese government was assisting its foreign push, and all its innovations would be introduced in the global market with its self-driving technology, he said. “For every investment in our abroad, [Chinese] The government is supporting [us] Too much ”

Lee said BYD will bring alternatives to European customers-such as seal you plug-in hybrid-EVS-in terms of reduction in EV sales in top European markets and hybrids are not subject to EU anti-business tariffs. It plans to launch its Denza Premium brand later this year.

According to the Shmidt Automotive Research, the BYD battery-Baidutin car market shares were 2 percent last year.

Lee confirmed that there was no plan to introduce EV to the United States, which lasted 100 percent tariff on Chinese EV imports last year. US President Donald Trump on Thursday announced additional tariffs on import from China and ensured plans to move forward with Levis in Mexico and Canada from next week. Lee says no decision has been made on the Bid’s plan to create a plant in Mexico.

He said that as a result of Trump’s policy, he was not concerned about the global recession in EV transition. Referring to China’s petrol vehicles, he said: “Why are people still choosing EV? Because it’s a good car, a smart car. The The And it’s high quality. ”

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