00:00I think any protection and adding tariff is a short term and the long term will not benefit
00:07for consumer, will not benefit for the OEM too.
00:10I think we came to focus on bringing the affordable technology to everybody and bring the best
00:17service to everybody, but at the same time BYD started opening our manufacturing site
00:24in Hungary.
00:25By the end of this year, our local production will start.
00:30Tesla has been facing a lot of backlash from consumers, for example in Europe.
00:35Do you think BYD has benefited from that?
00:39We don't view it this way.
00:41I think for the whole EV industry, we need everybody in.
00:46We need everybody to work together to really push in this market.
00:50We're going to have more cooperation with different auto brands in different regions.
00:55BYD has already got a strong foothold in markets like South America, Middle East and Africa.
01:03How do you want to conquer Europe?
01:05We just bring more like a premium market, premium products to Europe.
01:12Actually in Europe, everybody really has a very good sense to protect the environment.
01:19So then they need a better car and a more reliable electric car to help them to achieve
01:27their dream to protect the environment.
01:30We'll bring an accessible car, like our Auto 2, we're launching in Europe now and in the
01:36future will be in the UK.
01:38But recently the European Union announced to slow the pace for electrification by relaxing
01:46emission rules for combustion engines.
01:48Are you concerned about that?
01:50Every single government, they should have a sustainable future because if you swing
01:55back and forth, then you will damage the local OEM, you will damage the OEM for their future
02:02investment.
02:03Then this will, in the long term scope, it will harm really this kind of companies for
02:10their competitiveness.
02:12That's what will be the challenge.
02:14There's a Chinese proverb.
02:16It takes 10 years to forge a perfect sword.
02:21So what do you expect the next milestone to be for BYD in the next decade?
02:26We want to build the most admired brand globally.
02:31So to make BYD become internationally well-known brand in every single region is our task.
02:41Next 10 years, if you walk on the street, you ask who is BYD?
02:45I hope everybody will say, oh yeah, they're the best technology company.
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