As for the fall of it? I think it will be related to the minerals that are just limited for the battery creation. But that might take time as China has got a lot of friends if it's about these natural resources needed in producing these BYD and other chinese brand of cars. Tariffs will certainly impact that a lot but they don't care about for the likes of US, they won't just go into their market unless there's a strong demand there. I am seeing this brand of car in the road everyday and it's got a strong sales here in the Philippines. But if God blesses me with some extra money I am not yet sure if this is the kind of car that I'll purchase.
China has many friends, including Indonesia, which consistently provides resources for battery manufacturing. Nickel is a key ingredient in battery manufacturing, and by 2022, 85% of our nickel exports were going to China, partly to meet battery manufacturing needs.
This may not only apply to BYD, but also to other companies like Wuling, Xpeng, Chery, and others. They manufacture a wide range of products. So I believe China has a significant opportunity in the EV industry, offering both lower prices and better performance. By the way, Tesla's sales have declined since BYD entered the global market.