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China’s EV maker BYD has come under fire from competitors for waging a suicidal price war. The EV giant is now being called the “Evergrande of the auto industry” due to its hidden debt problems. A Hong Kong research firm recently revealed that BYD’s net debt may be ten... show more
18,273 views • 1 year ago •via X (Twitter)
3 Comments

David Toniolo1 year ago
BYD is deploying the Starbucks model of business. Flood markets at a loss until competitors are out of business. Then shut down excess production and increase prices. 😂

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Simon Bowden1 year ago
This is another example of "involution" - basically competition isn't about innovation, it's about a race to the bottom. End really all companies bar one go bust - hugely wasteful.
