BYD, a Chinese company, has made a significant impact in the electric vehicle market, ranking as one of the top producers of EVs globally. Despite its success, BYD has not sold any cars in the American market, leaving many eyebrows raised. According to an article by Stonehouse, BYD has outsold Tesla by selling over 3 million vehicles, but its absence in the American market is attributed to factors such as regulatory barriers and tariffs on Chinese-made products. BYD’s hesitation to enter the American market is also partly due to its focus on more financially viable markets in Europe and Asia. However, given the country’s dominance in the EV market, one would expect BYD’s innovative and eco-friendly models to be popular in America. The article concludes by stating that despite the barriers, it’s possible for BYD to enter the American market in the future, especially considering the emergence of Chinese-made EVs in the US. As the rivalry between China and the US continues to shape the global market, BYD’s presence in America remains a possibility, with the company potentially waiting out the current challenges to ultimately make its entry into the US market.
Source: https://www.eldiario24.com/en/byd-cars-america-mythical-not-exist/4496/