RE: Fabiosi friday2 Jan 2026 12:22
I saw this it an Bloomberg story and had to check: "BYD’s Chief Executive Officer Wang Chuanfu said at an investor meeting in early December that the technological head start the company had maintained over the past few years had diminished and affected domestic sales. He hinted at new technology breakthroughs to come, with the company’s 120,000-strong engineering team giving him confidence about its ability to regain advantages, Chinese media reported."
Engineering/R&D Team ~120,000 Designing batteries, chips, software, and new vehicle platforms.
How do Western companies hope to keep up?