Born as a battery manufacturer, the BYD Group recently overtook American pioneer Tesla as the world’s largest electric car manufacturer, and its global expansion is in full swing – including in Europe and Austria. With a lot of battery know-how and numerous suppliers in their own hands, the Chinese are able to offer electric cars at competitive prices. However, the newest business area is not the roads, but the world’s oceans.
Her destination port is Vlissingen in the Netherlands and she will also dock in Bremerhaven: the BYD Explorer No. 1 is currently sailing north to Europe off the west coast of Africa, away from the dangers in the Red Sea. The Liberian-flagged cargo ship, built in a Chinese shipyard, is the first in a planned fleet that will eventually include eight ocean liners. For BYD, it is a gamble that the Chinese car industry can conquer the world as the Japanese once did. And BYD isn’t the only Chinese automaker making an upgrade. An analysis.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
