I saw this CNBC video on the Chinese EV industry and it showed how BYD has a fully vertically integrated production model and that’s how it can undercut the competition on price and quality. The report also said that BYD got $3.7b in subsidies between 2018-2022 almost as if US automakers including Tesla don’t get any subsidies.
I saw this CNBC video on the Chinese EV industry and it showed how BYD has a fully vertically integrated production model and that’s how it can undercut the competition on price and quality. The report also said that BYD got $3.7b in subsidies between 2018-2022 almost as if US automakers including Tesla don’t get any subsidies.
US automakers get a ton of subsidies, they just do shit like raising dividends, or in the case of Musk 56 billion dollar pay packages