Namely, BYD, which owns over 40% of the overall local market. That’s not 40% of the local EV market, but 40% of the OVERALL market.
Namely, BYD, which owns over 40% of the overall local market. That’s not 40% of the local EV market, but 40% of the OVERALL market.
But they’re still heavily protectionist because competing with the Chinese would cause a lot of short term pain. But if we don’t go through this pain now, our industries won’t survive in the long term, at least not in their current form.