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However, it’s crucial to note that while BYD is rapidly expanding, other competitors like Geely, which offers competitive pricing and value, are also gaining momentum, particularly in China. They could pose a threat to BYD's market lead.
Innovative Technology: BYD’s Electric Motors
In addition to competitive market positioning, BYD has made strides in technology with the recent revelation of their new electric motor capable of 30,000 RPM. This motor, which boasts 580 kW of power in a compact 70 kg package, offers impressive performance that rivals Tesla and other competitors.