00:00 The largest electric car manufacturer in China, BYD, is ready to sell Tesla as the world's largest electric car sales company.
00:09 BYD has a greater market draw in the global market, so it can boost its sales.
00:15 BYD almost shifted Tesla's position in the last quarter after Tesla suspended production,
00:22 which caused a decline in shipments for more than one year.
00:26 BYD has sold 431,603 electric vehicles in the global market in the third quarter, or up 23% in the quarter.
00:36 Meanwhile, Tesla sent 435,059 cars globally in the quarter.
00:43 The head of Snowball Capital, which also has a stake in the two EV car manufacturers, Taylor Ogun,
00:49 projected that BYD would sell more EVs than Tesla in the fourth quarter.
00:57 BYD has a great market draw because it sells cars at affordable prices to the public.
01:03 In addition to domestic sales, the growth in export sales has also helped BYD enter the larger market.
01:10 At least 9% of BYD's third quarter sales contributed to export sales, even rising from 5% in the previous quarter.
01:20 Thank you for watching!
01:24 [Music]
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