Part 7/14:
Competitor Movements: BYD, Volkswagen, and Toyota
In China, BYD has achieved a noteworthy milestone, surpassing Volkswagen in passenger car sales during the first five months of the year. This marks a pivotal shift in the Chinese EV landscape, signaling that local manufacturers like BYD are gaining ground on traditional Western automakers. In response, Volkswagen might be reconsidering its electrification strategy, possibly reconsidering leadership decisions to enhance competitiveness.