BYD (HKG:1211, SHE:002594) is expected to face challenges in penetrating the South Korean market, hindered by the country's economic slowdown, Yonhap News Agency reported, citing the Korea Automobile Manufacturers Association.
The association predicts the Chinese electric vehicle giant would experience initial setbacks in South Korea, similar to its trajectory in Japan.
The association said Korea and Japan share a similar market landscape, characterized by dominant local brands, low adoption rates of electric vehicles, and negative perceptions of Chinese brands.
However, the association believes BYD has the opportunity to target niche markets such as rentals, corporate clients, and young consumers, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。