BYD Poised For Breakout Global Automotive Leadership
BYD(BYDDY) Seeking Alpha·2024-06-17 00:44
BYD Atto 3 electric vehicle was parked at the street ESezer/iStock Editorial via Getty Images On a recent trip to Israel I was quite surprised to learn that BYD (OTCPK:BYDDY), a little known automaker based in China, for the first time had attained No. 1 brand status among consumers in the Jewish state based on unit sales for April. Previously, Hyundai Motor owned that distinction. A few years back the Israeli government lowered the automotive sales tax, which can run as high as 50% on internal combustion ...