BYD Slashes Price of Electric Car and Becomes Cheapest in Australia [video]
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Unofficial Hacker News client; not affiliated with Y Combinator.
BYD Slashes Price of Electric Car and Becomes Cheapest in Australia [video]
Unofficial Hacker News client; not affiliated with Y Combinator.
grahar64 · · focus · HN ↗
tancop · · focus · HN ↗
legitster · · focus · HN ↗
The Chinese government is effectively giving all manufacturers 0% financing and raw materials at cost.
And even still, BYD executives have come out and said their pricing is not sustainable. The Chinese market is engaging in a massive price war and BYD's strategy is to entrench themselves in new markets with "aggressive" introductory pricing campaigns.
Taniwha · · focus · HN ↗
surgical_fire · · focus · HN ↗
When US companies do it, then it is just good business strategy, investing in growth for future profits.
pfisherman · · focus · HN ↗
maxglute · · focus · HN ↗