BYD rides sales surge but margins shrink in price war
In Europe, registrations for BYD have more than tripled, outselling rival Tesla for the first time /BYD
BYD, the world’s biggest maker of electric vehicles, is selling record numbers of cars but has reported its first fall in profits in more than two years. The toll of a fierce price war in China’s car industry turns BYD’s strategy into a balancing act.
The Shenzhen-based carmaker sold almost
