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By Giacomo Lee 04 Aug 2021 (Last Updated August 3rd, 2021 10:21) Tesla dumpster fires have everyone wanting a slice of the electric vehicle pie in China, as Giacomo Lee finds out. Share Article “Don’t waste your time and money.” This was the warning from Wang Chuanfu, CEO of auto and electric vehicle (EV) manufacturer BYD, to the CEO of Xiaomi on the matter of making EVs in China. The perhaps not-so-friendly advice was given to Xiaomi’s Lei Jun at an entrepreneur event this year, and was intended to reflect the fact that it isn’t an easy leap for non-auto makers to make it in the world of EVs. Either that, or the BYD CEO may be getting a little tired of others encroaching on his lane. It’s getting to be a busy lane, nowadays, especially in China.

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