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Why the world’s biggest EV maker is getting into shipping
BYD has become so popular abroad that the company now needs its own fleet of boats to meet demand.
As the first of a massive fleet that BYD is building, it reflects the Chinese company’s ambition to establish a seafaring business that supports its new role in the global car trade. Particularly, they have their eyes on gigantic ships typically used to import thousands of tons of wood pulp from South America to China, where it’s made into everyday products like tissue, paper, and books. And just as the auto industry in Japan and South Korea has pushed these two countries to become global leaders in shipping, EVs could make China a major player in the ocean too.
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