BYD makes much more than cars. These 5 side hustles also helped turn the Chinese EV giant into a challenger to Elon Musk's Tesla. [Yahoo! Finance]
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Source: Yahoo! Finance
BYD is chasing down Tesla on EV sales, but the Chinese giant is much more than just a car company. As well as cheap EVs, BYD also makes batteries, buses, trains and even some iPhones and iPads. BYD is following in the footsteps of Elon Musk's company, which also has lucrative side hustles. BYD has fast become one of the world's biggest electric-vehicle makers — but the Chinese giant is much more than just a car company. Like its rival Tesla , BYD, which was founded in 1995 as a battery manufacturer, makes and sells a variety of products alongside its car business, from solar panels to buses. The EV giant's manufacturing expertise allows it to make nearly all of the components of its vehicles in-house, cutting down costs and enabling BYD to sell EVs for as little as $10,000 That versatility has proven a crucial advantage, helping BYD to expand rapidly in China's cut-throat EV industry and even briefly overtake Elon Musk's automaker and become world's largest producer of EV
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