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Why BYD's EV Exports Sell For Twice The China Price

26 Apr 2024 | Abstracted from Investing

"In some foreign showrooms, BYD charges more than double - sometimes nearly triple - the price it gets for three key models in China... In China, the midrange version sells for $19,283. In Germany, the little SUV is priced at $42,789

"The differential, in part, reflects cutthroat competition in China, the world's largest auto market, where dozens of EV brands are waging a price war...Hiking export prices gives BYD room to generate much larger profits per vehicle."

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