> Vertical integration matters. If BYD controls much of the chain from the mine to the ship, they’re not paying everyone else’s margin along the way. That can translate into more car for the money.
This is interesting. Wasn't the idea in Europe (and maybe elsewhere, too, no idea) that outsourcing components would lead to economies of scale? After all, a Mercedes or BMW or VW seat is still roughly a seat?
It's interesting to me that we seem to switch back and forth between the two models, each time saying the new approach is "better".
This is interesting. Wasn't the idea in Europe (and maybe elsewhere, too, no idea) that outsourcing components would lead to economies of scale? After all, a Mercedes or BMW or VW seat is still roughly a seat?
It's interesting to me that we seem to switch back and forth between the two models, each time saying the new approach is "better".