It was a good watch but I don't think there is too much detail to put here. BYD has a lot more debt than they're claiming and their growth was subsidized by the Chinese government in order to buy market share.
Not directly related to your comment, but I'm confused why so many people say "BYD is subsidized by the Chinese government" as some kind of gotcha for why they're "bad". The US government subsidizes farmers. Companies like Intel, Ford, and Boeing all get federal or state subsidies. Tesla's growth can in part be attributed to favorable tax credits. Should we qualify statements about how successful they are with an asterisk that they got favorable treatment from the government?
I didn't say they're bad. Subsidies are fine, all governments do it for their own reasons but when you receive artificial support it does beg the questions as to when and how that support will be pulled so it puts a question mark over the sustainability of whatever is being subsidised.
>Should we qualify statements about how successful they are with an asterisk that they got favorable treatment from the government?
