alt Hacker News> BYD is selling EVs for US$14K in Australia
Tech people seem to really be confused about the concepts of revenue and net income; must be the whole VC we lose money on every item, but make it up on volume thing.
> BYD is selling EVs for US$14K in Australia
Tech people seem to really be confused about the concepts of revenue and net income; must be the whole VC we lose money on every item, but make it up on volume thing.
Do you mean BYD? They posted USD1.2 billion in profit in the most recent quarter FYI, with gross auto margin of ~20%. Their domestic margins are not good, but they've have strong export growth recently and exports are profitable.