The Rise of BYD: China’s Secret EV Weapon Killing the Competition
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In 2011, Elon Musk was asked about BYD on Bloomberg TV.He literally laughed."Have you seen their car?" he said.In 2025, BYD outsold Tesla by 620,000 electric vehicles.But this isn't just a BYD story. This is about the slow collapse of every car company you grew up with.Mercedes: net profit down 28% in 2024. Then another 47% in 2025.Porsche: operating profit collapsed 92.7% in a single year. From 5.6 billion euros to 413 million.Stellantis, the company behind Jeep, Peugeot and Fiat: posted a $26.
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