Why Are Chinese Electric Cars So Cost-Effective?
Barclays points out that factors such as batteries, supply chains, and economies of scale give Chinese car manufacturers a cost advantage of up to 40%. BYD Qin Plus has a gross profit margin of 18%.
Benefiting from China's cost advantage, the gross profit margin of Tesla's domestically-produced Model Y is as high as 24%, about twice that of the overseas version.
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