Too much competition. And that’s why BYD and others are ramping up exports to ‘greener’ pastures.
straightdge
70% increase in R&D, net profit still increased by 10%. They are doing pretty good even with this brutal price war. They are showing manufacturing and supply chain masterclass to rest of the industry.
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[archive](https://archive.is/20240429134405/https://www.bloomberg.com/news/articles/2024-04-29/byd-1q-revenue-misses-estimate-as-china-ev-price-cuts-take-toll)
Too much competition. And that’s why BYD and others are ramping up exports to ‘greener’ pastures.
70% increase in R&D, net profit still increased by 10%. They are doing pretty good even with this brutal price war. They are showing manufacturing and supply chain masterclass to rest of the industry.