Perception Challenges: Despite BYD's technological advancements

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Advanced technology: BYD is known for its strong expertise in electric vehicle (EV) manufacturing and energy storage solutions, giving the company a competitive edge in the market;
Diverse product portfolio: BYD offers a range of products including electric vehicles, electric buses, batteries, solar panels and energy storage systems, enabling the company to tap into multiple segments of the green energy market;
Vertical integration: BYD has the advantage of being vertically integrated, controlling the entire vnpay data value chain from R&D and production to sales and service. This allows the company to control quality and costs and accelerate product development and customization;
Global Presence: BYD has expanded its presence globally, with operations in multiple countries including China, the United States and Europe. This allows the company to tap into diverse markets and capitalize on the growing demand for clean technology worldwide.
BYD weaknesses
, there is still a perception problem regarding the quality and reliability of Chinese brands, which could hinder BYD's efforts to expand into international markets;
Dependence on the Chinese market: BYD is heavily dependent on its domestic market for sales and revenues. This overreliance on a single market exposes the company to risks associated with policy changes, economic fluctuations and intense competition within China;
Limited global brand recognition: BYD faces fierce competition from renowned global players in the EV industry, such as Tesla. Its relatively low brand recognition outside of China may affect its ability to penetrate markets and acquire customers in other regions.