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RE: BYD Manufacturing Challenges Outside China

in LeoFinance3 months ago

I wonder if it is in their best interest to set up manufacturing outside of China. I think they are already weighing the pros and cons, but one of their biggest advantage against their competition is their cheap vehicle costs. If they have to increase their prices to compensate for the increased labor costs, they will lose their edge.

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They need to do it to avoid tariffs.