Mapped: Where Tesla and BYD Make Their Cars

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/mapped-where-tesla-and-byd-make-their-cars/

TLDR

This article maps out the locations and production capacities of Tesla and BYD’s electric vehicle factories around the world, highlighting their global expansion and competition for the EV market.

Key Points

  • :earth_africa: Tesla has 4 operational factories, with its largest in Shanghai, China producing 750,000 vehicles per year.
  • :cn: BYD has announced factories in multiple regions including Europe, Southeast Asia, and Latin America, with a total capacity of over 3 million vehicles per year.
  • :moneybag: BYD has received over $3.7 billion in subsidies from the Chinese government, compared to $2.8 billion for Tesla.

In-depth Summary

The article focuses on the global expansion and production capacities of the world’s two largest electric vehicle companies - Tesla and BYD.

Tesla currently has 4 operational factories, with its largest facility in Shanghai, China producing 750,000 vehicles per year. The company’s other factories are located in Fremont, California (650,000 vehicles), Austin, Texas (250,000 vehicles), and Berlin, Germany (250,000 vehicles). Tesla also plans to open a new factory in Monterrey, Mexico in 2026.

On the other hand, BYD is rapidly expanding its global footprint, with announced factories in Thailand (150,000 vehicles), Brazil (150,000 vehicles), Hungary (TBD), Indonesia (150,000 vehicles), and Mexico (TBD). In total, BYD’s global production capacity is estimated to exceed 3 million vehicles per year, primarily from its operations in China.

The article also highlights the significant government subsidies that have fueled BYD’s expansion, with the company receiving over $3.7 billion in subsidies from the Chinese government. In comparison, Tesla has received $2.8 billion in government subsidies, with a large portion coming from the state of Nevada.

ELI5

This article is about where the two biggest electric car companies, Tesla and BYD, have their factories around the world. Tesla has 4 big factories, with the biggest one in China making 750,000 cars per year. BYD is building lots of new factories in different countries, and they can make over 3 million cars per year. The Chinese government has given BYD a lot of money to help them grow, more than what the government has given to Tesla.

Writer’s Main Point

The main point of the article is to provide a visual overview of the global manufacturing footprint and production capacities of the two leading electric vehicle companies, Tesla and BYD, as they compete for dominance in the rapidly growing EV market. It highlights the significant government subsidies that have fueled BYD’s rapid global expansion.

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