The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
Interesting, because I heard recent reports of huge amounts of inventory and large upfront manufacturing costs painting a picture of a company with extremely large amounts of debt to service. Some likening it to the Evergrande property company.
I doubt it’s on that scale, but I could easily believe BYD is another hyper accelerated company with shaky fundamentals.
Edit: This appears to be the background