Order 8 freighters in one go, BYD wants to build a sea fleet?

China-made cars, especially electric vehicles, are gaining popularity overseas. In the first 10 months of 2022, China exported 2.6 million cars, exceeding the total in 2021. China has replaced Germany as the world’s second largest car exporter. BYD is one of the protagonists of Chinese cars going overseas market. When the huge demand for sea transportation could not be met, BYD directly spent money to build ships and set up its own transportation fleet. At the same time, it also bought eight freighters with a lot of money. At the financial report meeting for the third quarter of 2022, Tesla CEO Musk also complained, saying that currently “every quarter’s delivery is affected by insufficient transportation, not enough ships, and not enough trains.“ As we all know, the common modes of transportation for car export include ocean-going ro-ro ship, container ship, railroad transportation and car transportation, while ro-ro ship is the most dominant one. The world’s largest shipping news service organization “Tradewinds“ reported that BYD and China Merchants Industry signed an order for four dual-fuel vehicle ro-ro ships with a capacity of 9,400 parking spaces.