Tech
China’s Auto Takeover: BYD Vs. Tesla And The Battle For EV Supremacy | CNBC Marathon
CNBC examines China’s rapidly growing automotive industry, focusing on its technological advancements, increasing exports, and a lack of interest in American car brands.
BYD, backed by Warren Buffett and recognized as China’s leading car brand, overtook Tesla in Q4 2023 as the world’s top electric vehicle (EV) manufacturer, selling more battery-powered vehicles than its U.S. rival. The company is aggressively expanding globally, exporting over 240,000 cars to 70 countries last year. During Tesla’s Q4 earnings call, Elon Musk warned that Chinese automakers could “demolish most other car companies in the world” unless regulators intervene.
Detroit automakers like General Motors reaped huge profits selling cars to Chinese consumers after China opened its auto market to foreign firms in the 1980s. However, those lucrative days appear to be over. Chinese firms have caught up with, and in some cases surpassed, the foreign companies that once taught them the automotive trade. Jeep’s joint venture has already gone bankrupt, and one industry analyst predicts that Ford, GM, and others—such as Hyundai, Kia, and Nissan—could withdraw from the Chinese market within the next five years.
Today, China has the manufacturing capacity to supply half the world’s cars and is setting its sights on the U.S. market. While Chinese-owned brands like Volvo, Polestar, and Lotus are already present in the U.S., no purely Chinese brands have entered the market yet. In May 2024, President Biden imposed steep tariffs on Chinese automakers, doubling the price of imported EVs. However, some insiders believe tariffs might be ineffective in the long term and could cause more harm than good.
Chapters:
00:00 Introduction
00:51 How Chinese EV Giant BYD Is Taking On Tesla (Published March 2024)
17:17 Why American Automakers Are Failing In China (Published May 2024)
33:48 Why EV Tariffs Won’t Stop Chinese Cars (Published June 2024)
Produced by: Andrew Evers, Robert Ferris
Edited by: Andrew Evers, Darren Geeter
Supervising Producer: Jeniece Pettitt, Tala Hadavi
Animation: Christina Locopo, Jason Reginato
Narration: Robert Ferris
Additional Footage: Getty Images, BYD, Polestar, Hyundai Motors, Volvo, Geely, Tesla, Toyota, Honda
Additional Sources: FactSet, Tesla, General Motors, Kiel Institute
Additional Editing: Emily Rabbideau
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Why China’s Car Market Is Skyrocketing | CNBC Marathon
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Chinese companies are using prefabricated construction to build data centers faster and more efficiently. As America’s AI-driven data center boom accelerates, China’s BrightRay hopes to win U.S. business with its modular approach. But growing U.S.-China tensions, national-security concerns and restrictions on some Chinese-made products could limit that opportunity. CNBC’s China Bureau Chief Eunice Yoon reports.
Chapters:
0:00 Introduction
1:39 Chapter 1 – Prefabricated data centers
4:48 Chapter 2 – China’s focus on the U.S. market
8:20 Chapter 3 – Public vs. government reactions
Reporting by: Eunice Yoon
Produced by: Natalie Rice
Editing by: Darren Geeter
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, BRIGHTRAY
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Inside China’s Race To Build The World’s Data Centers
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With thousands of YouTube creators relying on the platform for income, many are turning to strategists as essential advisors on how to keep videos viral.
Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels.
Find the full report in related video.
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Two years after Elon Musk made Greater Memphis the center of his artificial intelligence ambitions, building data centers and energy infrastructure at breakneck speed, residents are grappling with unwanted effects, including noise and emissions from the natural gas-burning turbines.
Now, public opposition to the SpaceXAI sites, known as Colossus and Colossus II, is providing a blueprint for other communities across the country opposed to AI developments.
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Watch an unboxing of the TCL Roku TV. The panel is an edge-lit LED, 1080p, 120Hz refresh rate. The TV has 3 HDMI ports, component hookups, dual-band Wi-Fi, and Dolby audio processing.
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TCL Roku TV Unboxing | CNBC
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Red Hat reported recently and the market didn’t care for its earnings. Jim Cramer spoke with the CEO to find out if that, plus the Brexit sell-off could be creating an opportunity
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Red Hat CEO: Tech Opportunity? | Mad Money | CNBC
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