Reckless drive: China’s carmakers should think twice before they export their price war to overseas markets
BYD, the world’s largest EV maker, has been China’s most aggressive exporter. In the first 11 months of the year, it sold more than 900,000 units overseas, an increase of 150% compared to the same period a year ago. At this rate, BYD will soon wrest the crown from Chery, which has held the position since 2003, and had a relatively paltry 15% gain.
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