The Chinese EV Maker That's Selling More Cars Than Tesla

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 3 August 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the US, Tesla remains far and away the dominant maker of electric vehicles. But on a global scale, the situation is much more competitive. Over the last few years, Chinese EV makers have massively ramped up their export capacity and one in particular — BYD — sells more total vehicles (both pure EV and hybrid) than Tesla does. On this episode, we speak with Corey Cantor, an EV analyst at BloombergNEF about the competition between these two companies, China's EV strategy more broadly, the worldwide battle over batteries, the impact of the Inflation Reduction Act and the big shifts underway in the global automotive landscape.

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0:30.0	I'm Akshatrati and this summer on my podcast Zero, I'm doing a series about climate storytelling,
0:36.2	how we talk about climate change and what it means for how we confront it. This week I'm interviewing
0:42.0	journalist Amy Westowelt about reporting on the history of climate denialism. I'm a big believer in
0:48.3	the idea that you can't effectively solve a problem if you don't really know where it came from.
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1:10.2	Hello and welcome to another episode of the Adlots podcast. I'm Geo Weisenthal.
1:15.5	And I'm Tracy Alloway. Tracy Chinese EV exports. I feel like it's a topic that we've
1:24.0	danced around. Maybe is the way to put it in numerous episodes related to trade, batteries,
1:31.2	train policy tech, things like that. But we've never really really like hit it square on. I don't think.
1:37.1	No, it's true. It's one of these things that's kind of as you put it hovering in the background.
1:41.6	And every time it pops up, there's usually some amazing statistic attached to it. One of the things
1:47.8	that's come up a few times now, I think, is this idea that China has surpassed Germany as the
1:53.6	biggest exporter of cars. I think that happened last year or in a fairly recent quarter. And it seems
2:00.1	to be on track to surpass Japan as well. So that's a pretty amazing development.
2:06.1	It's a really extraordinary development. And I think it's like, we talked about this with
2:11.3	brand setser, for example, it came up and it really seems to have caught a lot of people by
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