The Price War is REAL: BYD’s Profit Plunges 33% (But They Just BEAT Tesla Globally)
BYD’s profits fell 33% as the global EV price war intensified, but the automaker still managed to outsell Tesla worldwide thanks to aggressive pricing, expanding exports, and a faster rollout of affordable models. Despite shrinking margins, BYD’s volume dominance signals a shifting balance of power in the global EV market.
Credit to : The Electric Viking