BYD's Ongoing Overseas Expansion Accelerates with New EV Launch in India and Plant Development in Brazil
BYD Accelerates International Expansion
The Warren Buffett-backed carmaker BYD is forging ahead with its expansion into global markets to diversify revenue streams and offset challenges in the domestic market. The company's strategic move includes the launch of its third electric vehicle model in India and the commencement of construction work on a new manufacturing plant in Brazil.
Overseas Expansion Amid Domestic Challenges
BYD's proactive approach in expanding abroad signifies a strong commitment to sustainable transportation and a long-term growth strategy. This expansion comes at a crucial time for the company, as it navigates through a competitive pricing environment and declining sales in China.
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