Numlock News β’ 78 implied HN points β’ 11 Feb 24
- BYD, a Chinese electric car manufacturer, has entered the shipping industry by building RORO vessels to transport their vehicles globally.
- In 2023, BYD shipped 240,000 vehicles overseas, a significant increase from the previous years and a clear indication of their growth in the market.
- RORO vessels have been uncommon due to the effects of the 2008 recession, with most vehicle manufacturers owning their fleets, making BYD's move notable.