The Chinese government is effectively giving all manufacturers 0% financing and raw materials at cost.
And even still, BYD executives have come out and said their pricing is not sustainable. The Chinese market is engaging in a massive price war and BYD's strategy is to entrench themselves in new markets with "aggressive" introductory pricing campaigns.
The Chinese government is effectively giving all manufacturers 0% financing and raw materials at cost.
And even still, BYD executives have come out and said their pricing is not sustainable. The Chinese market is engaging in a massive price war and BYD's strategy is to entrench themselves in new markets with "aggressive" introductory pricing campaigns.