Reported 9 months ago
China's leading electric car manufacturer, BYD, has launched a new electric double-decker bus that will hit the roads in London, UK. However, BYD's aggressive pricing strategy in China has led to a 7% decrease in profits for the Chinese automotive industry, with some industry leaders warning that businesses cannot survive if they are unable to make money due to vicious competition. Despite this, BYD's new customized double-decker bus BD11, featuring a maximum capacity of 90 passengers and unique 'blade battery' technology, is set to start operations in London soon, signaling the company's international expansion efforts.
Source: YAHOO