BYD, an electric vehicle company, is accused of cooking the books and faking profitability, potentially hiding financial issues such as a liquidity crisis and unprofitable electric vehicle business.
Questions to inspire discussion.
Financial Concerns đ© Q: What are the warning signs of BYDâs potential financial trouble? A: BYD is offering massive discounts of 10â30% on already affordable vehicles, with some models selling for as low as $10,000, and allegedly has a 12-month payment delay to suppliers. đ° Q: How is BYDâs automotive business reportedly staying afloat? A: BYDâs automotive business is allegedly being carried by their highly profitable battery cell supply business, which is not separately reported in their financials, making it difficult to determine the true profitability of their electric vehicle sales.