BYD calls on China automakers to unite, 'demolish the old legends' in global push - Autoblog

sales race – prompted widespread praise, and underscored how China's automakers are riven by competition at home and chasing growth overseas.

At its event on Wednesday, BYD released a video marking the founding of a dozen rivals from state-run automaker FAW Group in 1956 to commercial EV startups Xpeng, Nio and Li Auto in the past decade. It ends with a call for China's automakers to"demolish the old legends and achieve new world-class brands," under the slogan,"Chinese Autos."The video went viral on Chinese social media. Executives from BYD's rivals posted notes of appreciation."I feel proud for China’s auto industry!" said William Li, CEO of Nio on Weibo."We should learn from BYD's success.

Other automakers warned the message could raise regulatory risks for Chinese brands overseas, including in Europe, where Chinese EV exports face potential anti-dumping scrutiny.

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