Key Points The Chinese carmaker's sales in Europe jumped 131% in August. It was the top-selling Chinese brand in Europe through the first eight months. With a brutal price war raging in China's domestic auto market, BYD is expanding overseas. 10 stocks we like better than BYD Company › At first, Chinese automakers were the butt of a joke by well-known Tesla CEO Elon Musk. Then Chinese autos became a real concern, and their rapid development and expansion became a hushed secret. Now it's an industry consensus: Chinese automakers such as BYD (OTC: BYDDY) are a serious threat to automakers globally, forcing the U.S. to quickly slap on massive tariffs to prevent, for now, their entry into the U.S. market.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.