UBS analysts said that tearing down the Seal strengthened their belief that Chinese carmakers are here to stay and dominate the global electric car market.
Wall Street analysts from Swiss investment bank UBS recently got up close and personal with a BYD Seal electric sedan to see how it compares to the segment's leader, the Tesla Model 3.– and said other automakers, including Tesla, should worry.made by Chinese EV giant BYD, which is backed by Warren Buffett's Berkshire Hathaway, is described by UBS as a great Model 3 alternative for a fraction of the cost.
"The floor carpet of the passenger cabin is directly above the battery cell stack, and the top cover of the battery pack serves as the floor of the car body, eliminating one more layer of aluminum or steel," analysts said. Ultimately, UBS analysts said the BYD Seal is"cost competitive, thanks to its vertical integration, suitable specs, and volume scale."really be worried? UBS seems to think so, noting that BYD aside, other Chinese carmakers also have the capability to gain market share from foreign brands on a"structural and continuous" basis.
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