Comment by viktorcode
1 month ago
For the major part BYD sales performance is dependent on government subsidies in the country where they sell three quarters of all the cars they produce. That is a high risk factor investors don't like.
1 month ago
For the major part BYD sales performance is dependent on government subsidies in the country where they sell three quarters of all the cars they produce. That is a high risk factor investors don't like.
Can you provide a source for the government subsidies you say BYD is dependent on?
Here's the recent news on that: https://www.reuters.com/business/autos-transportation/china-...
nice article. excellent proof that the whole industry is indeed driven by market force and profitability.
> "11 out of 17 listed Chinese automakers were profitable."
> "93 of 169 automakers operating in China have market shares below 0.1%."