BYD and Tesla’s competitive advantages and future development prospects

Abstract

With the increasingly serious shortage of oil resources and the increasingly prominent environmental pollution problem, electric vehicles emerge at the historic moment, and the future development prospects are broad. This paper will focus on the study of tesla and BYD, two electric vehicles, and analyze the future development trend and future competitive advantages of Tesla and BYD by comparing their stock prices, market shares, annual sales volume and annual production, raw material prices, global sales range and net profits, and provide reference for the development of tesla and BYD. Based on the current market situation and national policies, I believe that in the future, the market share of electric vehicles will far exceed that of fuel vehicles and become the mainstream of land transportation vehicles. Therefore, electric vehicles enterprises should seize the opportunity to find their own competitive advantages and take the lead in the field of electric vehicles to occupy a place.