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China Schools the West on EVs
In April this year, China’s BYD hit a first—it sold more cars in Europe than Tesla. Of course, one reason for this was EV fans’ reaction to Elon Musk’s political endeavors, but another was that BYD’s EVs were simply better and more affordable. And now Western carmakers want to learn from BYD and other Chinese sector players how to make their electric cars more attractive—and affordable—for buyers. Caixin Global reported this week that non-Chinese carmakers were “tapping into local expertise and supply…