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This is John Batchel, a conversation with colleague Anne Stevenson Yang, author of Wild Ride, about

EVs, especially the BYD maker of EVs out of China, said to be innovative, said to be overwhelming

the markets in South America, Brazil, for example, waiting at the gates of Europe to flood

Europe with its very inexpensive, up-to-date EVs, and, Anne contributes an angle I hadn't thought of debt.

This has happened before. The code is to be an ever grand of carmakers. Here's Anne Stevenson

Yang to explain what you don't see at B.YD is the important part. More of this tonight with Gordon Chang.

They certainly talk a lot about high tech, and they've put a huge number of eggs in that basket,

and it's really not a big portion of the economy. The portion of those sectors that everyone

internationally seems to be afraid of is EVs.

And there was a very interesting speech by the chairman of a company called Great Wall Motors,

a very large company, car company, just about a week, 10 days ago, when he said that BYD is essentially the ever grand of the car

...