BYD Chairman Wang Chuanfu Eyes Export Surge Amid Slow Sales Projections
Thursday, 28 March 2024, 13:00
BYD Chairman's Sales Projections
BYD, the world’s largest electric-vehicle maker, foresees a modest 20% sales growth in the upcoming year. This figure is considerably lower compared to the previous year's results.
Market Challenges
- Overcapacity Concerns: The sector in mainland China faces overcapacity issues that could impact sales numbers.
- Price War: Intensifying competition may lead to price wars, affecting profitability.
The company's strategy to offset these challenges involves focusing on expanding exports to maintain and enhance profitability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.