In Europe, EV manufacturer BYD charges significantly higher prices for its vehicles compared to China, where prices remain astonishingly affordable.

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In Europe, EV manufacturer BYD charges significantly higher prices for its vehicles compared to China, where prices remain astonishingly affordable. - Benzinga

Quick Summary:

While fears of a Chinese EV invasion grip the United States, a surprising trend has emerged: China’s top electric vehicle maker, BYD Co. (OTC:BYDDY) (OTC:BYDDF), isn’t flooding Europe with bargain-basement cars. Instead, it’s charging significantly higher prices compared to their home market, raking in hefty profits.

BYD Looks At High Prices, High Profits: A Reuters investigation reveals BYD is marking up export prices by massive margins – sometimes nearly triple – for popular models like the Atto 3 and Dolphin compared to China.

Tesla’s More Modest Markup: Interestingly, Tesla, Inc. (NASDAQ:TSLA) with a higher cost base than BYD, only marks up its Chinese-made Model 3 by 37% in Germany. This suggests BYD’s ...