Miniaturization of Electric Vehicles Brings Potential for Lower Prices, Power Savings and Functionality

In the face of BYD's three major advantages to the international market, the development of electric vehicles in Europe and the U.S. must continue to ensure its competitiveness in the growing market of 30%~35% per year. In the absence of short-term changes in the supply chain structure, car makers still have to find ways to cope with the onslaught of low-priced EV products. Therefore, in addition to requesting suppliers to reduce prices, the long-term response strategy requires an examination of the cost structure of EVs (as shown in Fig. 3) to find a fundamental solution.