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BYD are one of the few Chineses manufacturers making a profitWhy BYD's EV exports sell for twice the China priceU.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China's top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals.The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition.Nothing new here, the English car industry went through the same thing in the 50's & 60's with Japan. Set up factories, shared the technology but forgot to stay ahead.
BYD are one of the few Chineses manufacturers making a profit
Why BYD's EV exports sell for twice the China price
U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China's top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals.
The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition.
Nothing new here, the English car industry went through the same thing in the 50's & 60's with Japan. Set up factories, shared the technology but forgot to stay ahead.
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