{"id":518135,"date":"2022-08-31T11:07:02","date_gmt":"2022-08-31T05:37:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518135"},"modified":"2022-08-31T11:07:02","modified_gmt":"2022-08-31T05:37:02","slug":"why-getting-to-the-top-spot-isnt-easy-for-warren-buffett-backed-ev-giant-byd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-getting-to-the-top-spot-isnt-easy-for-warren-buffett-backed-ev-giant-byd\/","title":{"rendered":"Why getting to the top spot isn\u2019t easy for Warren Buffett-backed EV giant BYD"},"content":{"rendered":"<p>Backed by Warren Buffett\u2019s Berkshire Hathaway Inc., China\u2019s biggest electric-vehicle maker BYD Co. posted stellar first-half earnings on Monday. But it\u2019s struggling with battery-production costs.<\/p>\n<p>It isn\u2019t just about raw materials or other components, about which many manufacturers are complaining. While the Shenzhen-based company noted in its release it has made adjustments to certain car models to deal with the fluctuating prices of raw materials such as lithium, nickel and cobalt, the tougher obstacle is the cost of making its high-tech powerpacks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Backed by Warren Buffett\u2019s Berkshire Hathaway Inc., China\u2019s biggest electric-vehicle maker BYD Co. posted stellar first-half earnings on Monday. But it\u2019s struggling with battery-production costs. It isn\u2019t just about raw materials or other components, about which many manufacturers are complaining. While the Shenzhen-based company noted in its release it has made adjustments to certain car models to deal with the fluctuating prices of raw materials such as lithium, nickel and cobalt, the tougher obstacle is the cost of making its high-tech powerpacks.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-518135","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=518135"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518135\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}