China car giant BYD says it can thrive without US
BYD, China's largest electric vehicle (EV) maker, says it can thrive without the US market, citing increased demand in other regions. The company is expanding its global presence with new 'flash charging' technology and a diverse ecosystem of products.
BYD, a Chinese car giant, has overtaken Tesla as the world's largest seller of electric vehicles. The company's executive vice president, Stella Li, stated that BYD can survive and be successful without the US market. Instead, BYD is focusing on other regions, including Brazil, the UK, and Europe, where demand is increasing. The company is betting on its new 'flash charging' technology to overcome concerns over charging speeds. BYD is also expanding its ecosystem beyond cars, producing smartphone components, battery storage, solar panels, buses, and trucks. The company's global push is unfolding against a complex geopolitical backdrop, with Chinese EV-makers facing tariffs and regulatory scrutiny in global markets. BYD's sales in Europe were up 156% in the first three months of this year, while domestic sales have been falling for seven straight months.
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