BGL Managing Director Todd Cassidy, who leads the firm’s Automotive & Aftermarket investment banking group, is quoted in an article published by Fortune entitled, “Western EV makers underestimated the threat from Chinese rivals like Tesla-slayer BYD.”
The article discusses how China’s rapidly deflating economy has triggered EV makers like BYD to look abroad for profits by exporting their high-tech, low-cost vehicles to consumers in Europe and North America. As of last year, BYD eclipsed Tesla as the global EV leader. Now, European and American carmakers face the reality of increased competition.
For Todd’s other insights, read the complete article on the Fortune website.