While fears of a Chinese EV invasion grip the United States, a surprising trend has emerged: China's top electric vehicle maker,BYD Co.(OTC:BYDDY) (OTC:BYDDF), isn't flooding Europe with bargain-basement cars. Instead, it's charging significantly higher prices compared to their home market, raking in hefty profits.
BYD Looks At High Prices, High Profits: BYD is marking up export prices by massive margins – sometimes nearly triple – for popular models like the Atto 3 and Dolphin compared to China. In Germany, for instance, the Atto starts at a whopping $42,789, compared to a much friendlier $19,283 price tag in...
Login or create a forever free account to read this news
Sign up/Log in