Because they make their own batteries. They were originally a battery manufacturer, it’s still a large part of their business. Their batteries are very good, even Tesla was using BYD batteries in their Model Ys in Europe, until recently. They also have access to China’s significant domestic manufacturing infrastructure and relatively cheap labor, and they receive subsidies from the Chinese government.
And why are their prices so low?
Because they make their own batteries. They were originally a battery manufacturer, it’s still a large part of their business. Their batteries are very good, even Tesla was using BYD batteries in their Model Ys in Europe, until recently. They also have access to China’s significant domestic manufacturing infrastructure and relatively cheap labor, and they receive subsidies from the Chinese government.