BYD Denies Poaching Japanese Engineers for Its Kei EV
# BYD# Racco# Tech Theft
Key Points
- BYD Japan's president Liu Xueliang rejects industry rumours that the company poached Japanese engineers.
- The RACCO kei EV, effectively priced at about 1.99 million yen, was developed by young Chinese engineers who had never lived in Japan.
- The design came out of watching Japanese users on site, plus testing in extreme cold.
Analysis
BYD's denial of tech theft rumors highlights the company's innovation capabilities on the international stage. This achievement not only validates BYD but also reflects a cautious attitude among Japanese automakers towards new entrants.