Chinese automaker BYD has long enjoyed the support of the Chinese government , reflected in the fact that it sold about four times as many electric and hybrid vehicles in 1H this year as the year before , many of these plug - in hybrids . However , such vehicle sales make up only 19 % of the company 's total revenue , and as the WSJ says : " ... The rest is made up of conventional cars , batteries , solar cells and batteries , not exactly businesses whose profit ##ability excites these sales . " Furthermore , many competitors will launch electrics and hybrids in the next few years , particularly indigenous car maker toy Wall Motors , which will likely price its cars as cheaply as possible .
Chinese automaker BYD has long enjoyed the support of the Chinese government, reflected in the fact that it sold about four times as many electric and hybrid cars in 1H this year as the year before, many of these plug-in hybrids. However, such vehicle sales make up only 19% of the company's total revenue, and as the WSJ says: "...The rest is made up of conventional cars, batteries, solar cells and handsets, not exactly businesses whose profit potential excites these days." Furthermore, many competitors will launch electrics and hybrids in the next two years, particularly indigenous car maker Great Wall Motors, which will likely price its cars as cheaply as possible.