Mmastodon LifeAutos first seen 3 h ago, last 51 min ago, peak #9
Commenter clarifies that BYD sells EVs without profit
Original: I should have clarified my comment on China EVs. BYD makes no profit on each car sold. This is a problem # ev
BYD, China's largest electric vehicle maker, reportedly earns no profit on each car it sells, according to a comment on China's EV industry. The commenter said they should have clarified an earlier remark about Chinese EVs, arguing that selling cars at no profit is a problem. The claim touches on ongoing debate over whether Chinese EV makers are undercutting rivals through thin or negative margins.
Why now: People are debating whether Chinese EV makers like BYD are selling cars at unsustainable margins, raising concerns about market dumping and competition.
Evidence
- I should have clarified my comment on China EVs. BYD makes no profit on each car sold. This is a problem # ev · andyjennings@aus.social · 1
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