UBS Research analysts recently tore down BYD Seal, and shared their insights into BYD’s tech and cost leadership in electric vehicles. “Compared with mass EVs from legacy OEMs, BYD Seal is the better and much cheaper car, thanks to high vertical integration that leverages BYD's cost lead in battery cells, vehicle integration, powertrain and electronics modules. Connectivity and advanced driver assistance systems are also state of the art,” wrote UBS Investment Bank. The Chinese unrivalled comparative advantage is not confined to just the EV, but across industries. Simply put, given a product’s quality at a certain price point, no country can come close to Chinese manufacturers.
