BYD business strategy consists of the following three pillars: 1. Cost leadership. Cost efficiency compared to its main competitor, Tesla is one of the key competitive advantages for BYD. Cost leadership has been a crucial component of BYD’s success, helping them establish themselves as a competitive contender in the EV market. BYD is able to maintain cost leadership business strategy in the global marketplace due to a number of factors such as lower cost of human resources in China, the ex...
