Sales Director, MOVE at Terrapinn - expert in delivering world-class events | helping companies source new customers | develop new partnerships | raise awareness for their products/services/solutions in mobility
BYD's strategy of hiking export prices for its electric vehicles sheds light on the dynamics of China's #EV market and its global impact. While concerns about undercutting foreign rivals persist, BYD's approach prioritizes profitability amidst fierce competition at home. This move reflects not just the quest for higher profit margins but also underscores the cost advantages enjoyed by China's EV industry, stemming from streamlined production processes and substantial government subsidies. Read more about it in the Reuters article: Insight: Why BYD's EV exports sell for twice the China price - https://lnkd.in/eHdYghWE #EVindustry #BYD #China #Automotive #ExportStrategy