Part 7/9:
This evolving landscape has also opened the door for competition from manufacturers like BYD. With its base predominantly within China, BYD has seen success largely due to lower pricing and a strategic focus on the domestic market. Furthermore, BYD's operational scale allows it to offer cheaper models that may not meet Western standards, contributing to their appeal among local consumers. The ability to cater to various price points could be a pivotal factor in their ongoing success.