@Om_Codes_ Even with these aggressive and extreme approaches above, BYD’s profit margins are still very thin because of price wars. Furthermore, if you look at its financial reports closely, you can find that its profits are mostly based on government subsidies.
@Om_Codes_ Most of foreign investors only see BYD’s huge revenue and sales, but they seem don’t know its net profit margin remains relatively thin. First, It’s aggressive supplier financing through mechanisms like Di Chain, where suppliers may wait 9 months to get paid.
@Om_Codes_ That is why many Chinese who know this inside story compare BYD to Evergrande, because the same question raised: how much of the growth is genuine profitability, and how much is built on delaying payments, squeezing suppliers and employees, and shifting pressure down the chain?
@Om_Codes_ Second, BYD’s labor working conditions for domestic employees are very poor. In its Brazil controversy, the Brazilian authorities even used terms like “insulting human rights” and “comparable to slaves” to describe it. Same story happens in China too.
@kynkyn73670170 Propaganda envuelta en “milenaria cultura”: nada más que un megáfono de carne al servicio del Partido-Estado. Un tornillo sin voluntad propia, sin libre albedrío, sin columna vertebral. Eres la escoria más servil del aparato de propaganda del PCCh.