China s BYD automaker charges triple for its exports here s why

Get the Full StoryThe overseas upcharges allow BYD to make a profit not possible in the saturated Chinese market.

U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals.

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