Re: BYD - the new Evergrande, but in the automotive market ?
Overproduction is the main problem facing the Chinese economy as a whole, and the automotive industry in particular. An export-oriented economy cannot survive without comfortable sales markets. The domestic market is oversaturated, and the European market is closing due to tariffs...
That is just not true. BYD could compete with European over-managed and overpriced trash cars even with tariffs of 500% which are never going to happen, as China will retaliate. European manufacturers losing access to China hurts them more than chinese manufacturers losing access to Europe."Huge discounts are no longer helping: car stocks are growing, BYD is cutting shifts and slowing down production
The BYD brand has sold 1,151,919 cars in China since the beginning of the year
China's largest car manufacturer BYD is slowing down production in China due to growing stocks.
Adjusting production to lower demand is a sign of collapse if we are talking about BYD, but a sign of proper management if we are talking about a western company? The BYD brand has sold 1,151,919 cars in China since the beginning of the year
China's largest car manufacturer BYD is slowing down production in China due to growing stocks.
