this post was submitted on 10 Sep 2025
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Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Ottawa considering scrapping tariffs on Chinese electric vehicles (www.ctvnews.ca)
submitted 2 days ago by schizoidman@lemmy.zip to c/electricvehicles@slrpnk.net
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[โ€“] SaveTheTuaHawk@lemmy.ca 2 points 1 day ago* (last edited 1 day ago) (1 children)

Bullshit. That's what community college business majors believe. These companies are in massive debt with horrible EBIT numbers. Exactly why Buffet pulled out.

Can BYD Survive An EV Downturn With Its Risky Debt Strategy? - BW Businessworld https://share.google/OzaaHfOnCoiOBaLya

They already are not paying their suppliers.

BYD (1211 HK) Supply Chain Financing Masks Ballooning Debt, GMT Says - Bloomberg https://share.google/CW3XsJQDESe396K82

So if we sell these cars in Canada, they will be in dumps within 5 years with no parts support.

GrEeN rEvOlUtIoN

[โ€“] humanspiral@lemmy.ca 1 points 1 day ago

complete nothing burger

The company posted revenue of $108.1 billion and net profit of $5.6 billion, growing 29 per cent and 34 per cent year-on-year respectively. However, behind the impressive numbers lies a growing concern about how BYD is managing its finances, particularly its rising accounts payables and the increasing use of supply chain financing.

Accounts payable (part of profit calculation) rose by less than sales. Normal for it to rise equal to sales. Also why would EV sales go down? EVs are a fad or something?

EVs are simply better cars, that provide opportunity to power your house, and profit from electricity arbitrage. In case of BYD dolphin, where whole car costs $300/kwh for just a mobile battery, the car would pay for itself at just 3c/kwh arbitrage profit.