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While we all go nuts over Coins; BYD China is hunting for Lithium


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What the hell is a BYD? Ignorance is bliss and when you don't know you just don't know. BYD is trying to corner the market segment in electric car sales. There leader nicknamed the Elon Musk of China Wang Chuanfu started a company with a couple of advantages outside of other manufacturers in the industry:

  • The government is all in, subsidies everywhere 
  • The government is paying for the charging network 
  • Labor Costs are low 
  • China has the largest car market 
  • Pollution is a real struggle hence why green earth is a big push 
           

Don't be fulled by the cars that Elon makes Wang wants consistent income from the government and that comes in the form of Buses and Taxi's. There focus is the commercial automotive industry, there sales numbers show strong growth and with the largest market in the world why not bust a move to an all-electric enterprise. The next advantage is attacking a market that worldwide needs support automation is coming folks and why not assign yourself to self-driving electric vehicles if you want numbers we need approx 700K in extra forms of commercial transport to support the Global need that could mean over 5% per year. 

                                              

The margin in this industry is quite static I don't think anyone can turn a 10% profit in these early stages of infrastructure for the electric transportation industry but if you have a BYD in your name plus the government backing it's almost impossible to forecast a loss. 

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