Earlier this month, a large ship picked up over 5,000 electrical vehicles from two ports in northern and southern China. 5 days later, it handed by way of Singapore, and it’s now headed for India. Nevertheless, its closing vacation spot is in Europe, the place many of the vehicles shall be offered.
The ship’s identify is BYD Explorer No.1. As the primary of a large fleet that BYD is constructing, it displays the Chinese language firm’s ambition to ascertain a seafaring enterprise that helps its new function within the international automobile commerce.
There’s rising urge for food for BYD’s vehicles abroad. In 2023, BYD exported over 240,000 autos, up from 55,000 in 2022. However it’s run right into a snag: to get probably the most monetary profit from its exploding recognition overseas, it’s having to develop past the automobile commerce into the delivery enterprise. Learn the total story.
—Zeyi Yang
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