Earlier this month, a large ship picked up over 5,000 electrical automobiles from two ports in northern and southern China. 5 days later, it handed by Singapore, and it’s now headed for India. Nevertheless, its remaining vacation spot is in Europe, the place many of the automobiles shall be bought.
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 determine a seafaring enterprise that helps its new position within the international automobile commerce.
There’s rising urge for food for BYD’s automobiles abroad. In 2023, BYD exported over 240,000 automobiles, up from 55,000 in 2022. But it surely’s run right into a snag: to get probably the most monetary profit from its exploding reputation overseas, it’s having to broaden past the automobile commerce into the transport enterprise. Learn the total story.
—Zeyi Yang
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