Chinese companies like BYD and SAIC are more worried about getting their cars to market rather than its costs. When you’re a fast-growing company intent on breaking into new territories, long-term strategy may trump short-term financial returns. Should foreign markets like Europe, the US and the Middle East really take to Chinese EVs, then these ship deals will seem savvy. If not, they could hang like an albatross around carmakers’ necks
SAIC Motor Corp.’s first custom-built, ocean-going car carrier ship, known as roll-on/roll-off, set off on its maiden voyage from Shanghai to Europe Wednesday, reports Caixin. The SAIC Anji Sincerity, built by China State Shipbuilding Corp. and operated by SAIC’s Anji Logistics unit, is the world’s largest ro-ro ship equipped with a dual-fuel system that utilizes…
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