New strategies from BYD for expansion

There is an interesting strategy playing out by Chinese businesses, expanding their supply chains and capabilities beyond China's borders.

BYD is not the only company doing this, but perhaps the most prominent one, in the most competitive industry in China - automotive.

General Motors and other brands pioneered this strategy, i.e., expanding capacity and supply chains across geographies. As the China market becomes saturated, newer technology offers, such as #evs, are taking the industry by storm. Those companies that have access to #batteries and easy to supply parts, will dominate this new era. At the moment these are primarily Chinese brands and Tesla.

Look for more announcements like this in the future, and for supply chains to expand across #asia.

#china #supplychains #strategy #supply #byd #capabilities #innovation #tesla #technology #competitive

https://www.cnbc.com/2022/09/09/chinese-ev-giant-byd-plans-to-build-a-passenger-car-factory-in-thailand.html