Chinese automaker BYD tipped to enter shipowning with large PCTC orders
World’s largest electric vehicle manufacturer, outstripping Tesla in the first half of this year, is said to have approached three China-based yards to discuss the orders and vessel specifications as it seeks to build vessels to carry its own car exports
Move comes with rising interest from domestic companies to make a foray into long-haul ro-ro shipping, currently dominated by foreign operators, with the rapid growth of car exports from China. China Merchants and Cosco Shipping are leading the adventure
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