05 Sep Financial Times : BYD’s first-half profits surge despite price war in Chinese car market
Media Source : Financial Times
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“A much larger number of [electric vehicle] companies are finding it very difficult to compete with the likes of BYD and its vertically integrated supply chain and cost structure,” he said.
Russo added that while BYD had sold 1.39mn vehicles in China this year, which is 1mn more cars than Tesla, sales dipped from June to July, its first monthly drop for several years.