Part 7/10:
This pivot indicates a pragmatic approach from Britain, seeking not only to benefit from cutting-edge technology but also ensuring that domestic labor forces are engaged in this transition, which is a critical aspect of post-Brexit economic strategies.
Factory Plans and Market Share Concerns
In Vietnam, BYD recently reversed its plans to build a factory, which raises questions about the motivations behind such a decision. Factors such as logistics, market size, and competitive landscape all play significant roles in these choices. The Vietnamese automobile market is expected to grow modestly, with projections suggesting a total of one million cars by 2030. This small scale may have made a costly factory less appealing compared to leveraging existing export capabilities from China.