BYD founder bets on new tech to win back customers as sales decelerate
BYD, China’s electric vehicle (EV) king, is pinning its hopes on next-generation technology to engineer a turnaround in sales amid fierce competition in the world’s largest automotive market, according to its founder and chairman Wang Chuanfu.
Speaking at a shareholders’ meeting in Shenzhen on Friday, the billionaire said the company’s 12,000 engineers – the backbone of the carmaker – would help it regain a technological edge over rivals.
“We have heavyweight new technology in the pipeline,” he…
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