Why the world’s biggest EV maker is getting into shipping
Venturing out by themselves That’s why Chinese auto companies, which have become such prominent exporters thanks to the rise of EVs, are starting to form their own shipping businesses. News that BYD was looking to buy or charter ships was first reported by the shipping outlet Lloyd’s List in late 2022. In December that year, the company changed its corporate registration to include the business of international cargo shipping and ship management. MIT Technology Review contacted BYD for comment, but it did not respond…