Bloomberg (August 31)
“BYD Co.’s overseas revenue exceeded what it made at home for the first time, helping end one of the company’s longest profit slumps and illustrating why Chinese carmakers have no choice but to try their luck outside of the world’s largest auto market.” Annual vehicle sales in China’s “vast” market are twice as high as the U.S. Despite that scale, however, China’s market “has become so brutal that not even its national champion can count on making money there. That’s why Chinese carmakers have increasingly turned abroad, where they can charge more for their vehicles, to make money despite ongoing geopolitical risks.”
Tags: Abroad, Auto market, Brutal, BYD, Carmakers, Charge more, China, Geopolitical risks, Largest, National champion, Overseas, Profit slump, Revenue, Scale, Vast, Vehicle sales
MarketWatch (May 12)
“The most expensive part of the Iran war may not be the oil prices themselves. It may be uncertainty. Markets can absorb expensive energy; businesses can adapt to higher fuel costs if those costs remain stable and predictable. What becomes far more damaging is an environment in which prices swing violently, geopolitical risks shift by the hour and corporate decision-makers lose visibility over what comes next.”
Tags: Adapt, Businesses, Decision-makers, Energy, Environment, Expensive, Fuel costs, Geopolitical risks, Iran war, Markets, Oil prices, Predictable, Prices, Shift, Stable, Uncertainty
