BYD considers Tesla 'a partner' in the EV transition

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BYD Auto (BYDDY, 1211.HK) unveiled a new supercar that will cost more than $230 thousand. The Yangwang U9 is designed to take on cars from more traditional supercar-makers like Ferrari (RACE) and Lamborghini (VWAGY). BYD is now the world's largest EV maker, officially surpassing Tesla (TSLA) at the end of 2023.

Yahoo Finance Anchor Akiko Fujita sat down with BYD Executive Vice President Stella Li to get her thoughts of Tesla and the EV market.

Li explains: "Without them, I think the global EV market could not run so rapidly. So we respect them a lot. I think they are a partner and also they are like a way together, we can really help the whole world. To educate the market and push the market for transaction."

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Editor's note: This article was written by Nicholas Jacobino