BYD Exec Stella Li on Tariffs, China Price War, Europe

Market Performance & Competition - BYD's performance is outstanding in top auto markets like the UK, Germany, Spain and Italy [1] - Tesla is experiencing double-digit sales declines in the French and German markets [1] - BYD is attracting customers from various premium car brands [2] - Competition involves duplicating successful models, leading to potential price wars [12] - The company believes that the price war in China is unsustainable [14] - Europe requires service, trust, and financial capability, making it a more mature market than China [14][15] Product & Technology - BYD offers a wider range of models (7-9) compared to Tesla [3] - The DMI (Do More Intelligent) technology allows for 80-120 kilometers per charge in daily use and 1080 kilometers per tank of gas for long distances [3][5] - BYD's technology enables a "first baby step" for ICE car users to experience electric cars [5] Investment & Strategy - BYD is investing heavily in component production in Europe and potentially battery cells in the long term [6] - Over €3 billion has been invested in Hungary for facilities, including component manufacturing [8] - An additional €700 million has been invested in the India Center in Budapest [8] - The company anticipates billions of dollars in investment in Europe over the next ten years [8] - The company's strategy and technology decisions are not impacted by short-term political factors like tariffs [9] - BYD prioritizes vertical integration, producing 70% of components in-house, minimizing the impact of supply chain disruptions [11]