“Renting a car carrier with capacity of about 6,500 cars now costs $95,000 a day, up from $50,000 in February”
BYD is going from eight ships to 18 by 2029. Charter rates nearly doubled in eight months, and owning the boats cuts shipping costs per car by up to 40%. Western automakers rent space on someone else’s ship. BYD owns the factory, the battery and now the ocean freight.