The race for China’s electric vehicle market
Marketplace Tech
Marketplace
4.5 • 1.3K Ratings
🗓️ 13 October 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Chinese automaker BYD is now the most popular EV in China and could soon beat Tesla as the No. 1 EV globally. As the Chinese auto market moves to electric, the playing field is getting crowded.
Transcript
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| 0:00.0 | A Chinese automaker is building its dreams and giving Tesla nightmares. |
| 0:07.4 | From American public media, this is Marketplace Tech. |
| 0:10.3 | I'm Megan McCarty-Karino. |
| 0:12.5 | China is home to the world's largest auto market. |
| 0:25.6 | And when it comes to electric vehicles, Tesla has dominated sales. |
| 0:29.9 | But Chinese automaker BYD has recently shaken up the rankings. |
| 0:34.8 | It's now beating Tesla in the Chinese market and is threatening to push Tesla from its |
| 0:39.6 | top spot in global EV sales. |
| 0:43.0 | BYD stands for Build Your Dreams. |
| 0:46.5 | And it's one of the biggest privately owned Chinese companies, though in many places it's |
| 0:51.4 | not exactly a household name. |
| 0:53.6 | The BBC's Monica Miller went for a ride in Singapore to find out more. |
| 0:58.1 | Sometimes you do get fast, go to the airport and down to the city. |
| 1:02.0 | If you really want to know how a car performs, ask a taxi driver. |
| 1:06.1 | Meet Johnson-Fu Chi Kean. |
| 1:08.1 | They've been doing this for the don't-ears. |
| 1:10.6 | He's driven a cab in Singapore for more than 20 years and says a car radio and space |
| 1:15.2 | to pack several pieces of luggage are things he values in a vehicle. |
| 1:19.2 | He's also particular about a driver's seat. |
| 1:21.8 | He's on the road six days a week on nine hour shifts. |
| 1:25.4 | It's a lot of sitting. |
| 1:26.6 | And you go and see in another taxi seat, you will know the difference immediately. |
... |
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