BYD's Big Gains Emblematic of China's EV Market
August 04, 2021 at 06:00 AM EDT
Despite all of the regulatory news and market uncertainty in China, the electric vehicle market in China continues to stride forward. BYD Co Ltd, an automobile and electronics manufacturer that is a major producer of electric vehicles (EVs), closed trading up 10% for the day, reflecting a market cap of $124 billion USD, reports KraneShares .
