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Demand for electric vehicles is increasing as the world accelerates towards historic industrial change. Today, almost everything that modern economies produce ends up in cars in some form: copper for the wiring, rubber for the tyres, steel for the frame and silicon chips for the body. A striking feature of the re-engineering of the automobile is the reduction of moving parts, from about 2,000 in a petrol engine to about 20 in an EV transmission. A large number of car components will vanish and the component industry will be a major area affected. Some car manufacturers are already working with component producers in the transition, helping to find new product areas. The technology and composition of cars will open up opportunities for innovative companies in emerging markets to become a leading producer of electric cars in their own right. Fewer moving parts should reduce the need for repairs and replacements. As cars become more like computers, repairs are likely to become an exclusively manufacturer-driven business. The need for software engineers will increase.
The change that will take place in cars will be a big change in which there will be jobs that will be greatly affected such as the car industry because we will have a simpler car in terms of components, but on the other hand software engineering will have a big growth, as our car will be a computer with 4 wheels.
The cars run on BYD's home-made lithium batteries, a technology that it hopes will become a key platform for the global automotive industry. Founded to manufacture lithium batteries for electronic products, BYD has become one of the world's largest producers of batteries for electric vehicles, and has also developed its own vehicles that have thrived in the Chinese market. BYD is now the world's second largest producer of electric buses and the fourth largest manufacturer of electric vehicles. The key to its success is its battery technology, which is pushing the cost of electric cars below their fossil fuel-powered peers, accelerating a turning point in the global automotive industry. They use some of the world's most abundant materials such as lithium and iron, avoiding metals such as cobalt and nickel that many other companies use. BYD's push into overseas markets is fascinating evidence of how the new electric vehicle industry will develop, one that could have big advantages for China. Chinese companies are now dominant in the production of batteries used in electric vehicles. But they still need to take their time, the BYD brand is not yet familiar to the average consumer in the US, Europe or the UK. They need to invest that time, capital, build awareness and build trust. Electric vehicles are different because they are simpler in structure and Chinese automakers have better supply chains in terms of batteries. Most electric car batteries outside China use cobalt and nickel in their cells, raising concerns about raw material shortages. Essentially, these "LFP" batteries use materials that do not require nickel and cobalt. BYD has increased the amount of energy the batteries can hold. Most car batteries contain cells placed together in a module and then in a pack. BYD has built simple, long, thin battery cells and placed them directly into a battery pack. What they have done well is to optimise that material, making it into very large cells, which they can do because it is a safer material and safety is the greatest luxury in an electric car. They can also be easily recycled and can last for more than 1 million kilometres of driving. It's an achievement driven by supportive government policies, large amounts of capital and engineering improvements, as for part of the last decade, automakers were effectively banned from using foreign batteries in the Chinese market, allowing local champions to emerge. But BYD also has rivals, these Chinese rivals include Nio, which began selling its electric cars in the country last month. It is even starting to export its electric SUVs to Norway. Nio, which has pioneered a system that allows owners to swap their batteries instead of recharging them, aims to build 20 battery swapping stations in Norway by the end of next year.
In conclusion, BYD has been innovating in the creation of chips applied to electric cars. This Chinese company is benefiting its country thanks to the huge demand for the chips, all thanks to the achievement driven by supportive government policies, large amounts of capital and engineering improvements.