BYD to Spend Nearly $688M on Ships to Reduce Global Logistics Costs

(Source: Freepik)

According to a report by Caixin on October 28, a BYD affiliate intends to order eight ships capable of carrying 7,700 cars in Shandong Province, with a total cost of nearly 5 billion yuan ($688 million). Among them, six ships are determined to be built, while the other two ships are optional.

China’s automobile exports have increased gre…