China’s EV gamble backfires
China’s EV maker BYD has come under fire from competitors for waging a suicidal price war. The EV giant is now being called the “Evergrande of the auto industry” due to its hidden debt problems. A Hong Kong research firm recently revealed that BYD’s net debt may be ten times higher than the reported figure. The company has been offloading its financial liabilities onto suppliers and forcing aggressive sales quotas onto dealers. If BYD defaults, it could drag down the entire EV industry in China. Watch the full live stream here: • From Evergrande to BYD: Is China’s EV Drea... Donation: https://donorbox.org/support-lei-s-re... Support Lei’s work via her online shop: https://shop.leisrealtalk.com/ Sign up for my emails: https://leisrealtalk.com/ Ideas/Suggestions: [email protected] ****************** We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories. ****************** References: ****************** 🔔 Subscribe for updates: / leisrealtalk ****************** 🔵 Make sure to share this video with your friends! Follow us on our Website: https://leisrealtalk.com/ Follow us on Twitter: / leisrealtalk Follow us on Facebook: / leisrealtalk ****************** #BYD #evcars #leisrealtalk
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