BYD Expenses and Inventory Increase Cash Burn
BYD’s significant cash burn for the second consecutive quarter is a major concern. BYD will likely slash production in 3Q to release inventory capital, alleviating cash burn. BYD has about $15 billion in inventory (66 days). This is about tracking to 3 million sales for the year. 550k cars in inventory. BYD’s growth will significantly ...
Link :
https://www.nextbigfuture.com/2024/08/byd-expenses-and-inventory-increase-cash-burn.html
Link :
https://www.nextbigfuture.com/2024/08/byd-expenses-and-inventory-increase-cash-burn.html
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