$BYD COMPANY(01211)$ Is BYD affected? The reason why new energy vehicles are still OK is mainly because the prices of lithium carbonate and batteries have plummeted in the past two years, the cost of raw materials has dropped, and the automobile has switched from fuel vehicles to new energy vehicles. Do you think fuel vehicle companies are OK? Life is not easy. Dongfeng Motor is very bleak, and joint venture brands are all very bleak. The total sales volume of automobiles still exists, but fuel vehicles are going down, and the penetration rate of new energy vehicles has increased. When the price of lithium carbonate rises sharply that day, new energy vehicles will not have an easy life. The decline of raw materials in the past two years has given BYD and other companies room to reduce prices. Of course, another reason is intelligent driving, and traditional fuel vehicle companies are very weak in this area.
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