BYD Expenses and Inventory Increase Cash Burn
by Brian Wang from NextBigFuture.com on (#6QASK)
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 ...