ChinaBYD will own 18 car-carrier ships by 2029, up from 8.
Chartering a carrier costs $95,000 a day, up from $50,000 in February, Clarksons Research says.
Owning ships could cut BYD’s per-car shipping cost by up to 40%, one industry estimate says.
BYD targets 2.5 million overseas sales next year, up from 1.9 to 2 million.
How each outlet framed it
- Rest of World
- shows BYD's fleet expansion to 18 ships by 2029 as a cost play, citing up to 40% savings per car over chartering
Sources: Rest of World