PESTEL is a strategic analytical tool and the acronym stands for political, economic, social, technological, environmental and legal factors. BYD PESTEL analysis involves the analysis of potential impact of these factors on the bottom line and long-term growth prospects of the electric automaker. Political Factors in BYD PESTEL Analysis Favourable government policies for EV and renewable energy In 2022, global EV sales soared by 68%, reaching a record 10.6 million units. This meteoric...
