Volvo has announced a monumental shift in its business towards electric vehicles as governments around the world are banning gasoline and diesel vehicles. Does Volvo have what it takes to compete against electric vehicle leaders Tesla and BYD? How does this change affect the supply chain of a conventional automaker?
The biggest player in the global electric vehicle market may not be Tesla, but Warren Buffet-backed BYD hailing from Shenzen, China.
BDNT, a joint-venture between Daimler and BYD, faced unique challenges in launching the company and its electric vehicle and developed unique business model. But operating the business model may not be challenge-free.