From Evergrande to BYD: Is China’s EV Dream Crashing?
From Evergrande to BYD: Is China’s EV Dream Crashing?
Udumbara
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What if China’s electric vehicle miracle is a ticking time bomb—and BYD is the fuse? Backed by Xi Jinping and showered with state support, BYD has been hailed as China’s Tesla killer. But behind the headlines lies a brutal price war, hidden debts, collapsing suppliers, and a shaky financial foundation eerily reminiscent of Evergrande. As dealerships go bankrupt and public trust crumbles, whispers are turning into warnings: Is BYD about to trigger the next great collapse in China’s economy? Let’s unravel the real story behind China’s EV giant—and why the fallout could be far bigger than anyone expects.
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