Yes, BYD needs to build a plant in Europe if it wants to be of relevance there. This is the European fear and Japanese/Koran fear. That China comes and deindustrialize the few industries they have left. This is a horrible reality for Europeans. The least BYD and CATL can do is to build factories in Germany or other places.
Btw, this is another reason why BYD going into America is not a good idea. You don't want US gov't to laser focus on your company. I've given up hope on NIO management doing any smart sensible actions. But at least they will probably get crushed and bought out someone.
anyhow, it's kind of interesting that the majority of Chinese EV market is between 100 to 300k RMB
I think it's because BYD hasn't really started to expand in the higher end yet. That will happen soon. Compared to other countries, EVs are the high end models. This shows how brutally competitive the Chinese EV market is.
New NEV registration numbers. Last week was really low due to week long holiday.
This week, the BYD numbers are so much higher than everyone else. I think they will probably hit 220k sales this month. Notice how Tesla barely had any registrations? Their production is probably getting exported.
