Part 5/7:
BYD is not only expanding its footprint with new manufacturing plants in Hungary and Turkey but also capitalizing on logistical efficiencies. By utilizing advanced shipping methods that reduce loading and unloading times, they manage to keep operational costs low, allowing them to aggressively price their products in competitive markets.
Tesla, on the other hand, faces significant headwinds, with reports indicating a 40% decrease in year-over-year profits and masked losses without approximately $600 million in credits. Conversely, BYD’s financials show remarkable growth, with revenues and net income both doubling, reflecting investors' confidence and repositioning within the industry.