Benefits & Risk Mitigation
Internal Benefits
Operational Efficiency
Streamlined processes and improved workflows result in increased efficiency.
Cultivation of Innovation
Fostering a culture of innovation and adaptability among team members promotes continuous improvement.
Market Transition
Strategic transition from commercial to passenger vehicles, onboarding customers starting from low-end models and gradually expanding to mid-to-high-end segments strengthens market positioning and enhances revenue diversification.
Cost Reduction
Optimized internal management methods and enhanced vertical integration lead to reduced operational costs.
Brand Loyalty
Providing potential customers with flagship stores where they can interact with BYD's offerings, test drive vehicles, and engage with the brand directly can strengthen consumer relationships and increase brand loyalty.
Business Stability
Understanding and complying with regulations, environmental standards, and labor laws helps businesses establish a more reliable and stable operating environment.
External Benefits
Technology Advancements
Innovations not only enhance the performance and competitiveness of BYD's electric vehicles but also contribute to broader sustainability efforts and industry-wide progress.
Infrastructure as Complements
The presence of a widespread charging network reduces barriers to entry for potential EV buyers. More consumers may be inclined to switch to electric vehicles, thus broadening the market for BYD's EV models.
Partnership Strengthening
Improved relationships with partners, suppliers, and external entities contribute to a robust business ecosystem.
Reduced Urban Pollution
Electric vehicles produce zero tailpipe emissions, thereby improving air quality in urban areas and mitigating health issues associated with air pollution.
Consumer Exposure and Education
Selling BYD's EVs to car-rental agencies allows a wider audience to experience and learn about electric vehicle technology firsthand.
Knowledge Sharing
Knowledge sharing with our partners fosters a more skilled workforce, drives industry advancement, boosts economic growth, improves service quality, and contributes to positive environmental outcomes within the electric vehicle sector.
Obstacles
Lack of Infrastructure
Mitigation: Work with governments to provide EV infrastructure for geographies who with insufficient and improve transport connections.
Foreign Policy
Mitigation: Develop diplomatic relationships with local governments and policymakers. Attend global auto industry events.
Enhance working conditions
Mitigation: Support safe working conditions - particularly in resource mining and manufacturing.
Co-opetition
Mitigation: Reach out to different parternships and keep the most key part in BYD's own supply chain.
Mismatch Between Supply and Demand
Mitigation: Optimize the management control system and do the forecasting estimates.
Other Emerging Clean Energy Technologies
Mitigation: Continuous research and develop on other emerging clean energy technologies.