Although the bullets may fly between China, the United States and the European Union over the
“
unfair
”
subsidies paid by each to support their automobile industry, it doesn’t matter.
The Chinese manufacturer BYD continues to roll out its road plan and blow up the counters.
The Chinese giant, which took Tesla's place as world number one in electric cars in the last quarter of 2023, has just posted a net profit of 30.04 billion yuan (3.83 billion euros) earned in 2023 compared to 16.6 billion yuan a year earlier.
That’s a growth of 80.7%!
Last year, Tesla's new competitor saw its turnover increase by 42% to 602.3 billion yuan (76.8 billion euros).
It has sold more than 3 million
“
new energy vehicles
”
(NEV), 100% electric cars and plug-in hybrids, of which 242,765 have been exported
“
to 70
countries
”
, the group boasts.
A beginning.
Also read Electric cars: Chinese manufacturer BYD will launch Yangwang, its “luxury brand” for Europe
Faced with a war in his country…
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