BYD CEO targets 1 million overseas sales - here's why your EV portfolio matters
Key Points
- BYD has doubled its overseas sales to 464,000 vehicles in si...
While Tesla gets all the headlines, BYD just quietly doubled its overseas sales to 464,000 vehicles in six months. That's not just impressive - it's the kind of growth that makes portfolio managers suddenly very interested in Chinese EVs.
The Currency Lottery Winner
Here's where it gets interesting for your wallet: BYD is benefiting from what economists politely call "favorable currency dynamics." Translation? The yuan got cheaper, making Chinese cars more affordable for everyone else. European buyers now pay €15,800 for a Chinese vehicle versus €18,800 last year. It's like getting a 16%...
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