China car giant BYD says it can thrive without US
With the price of fuel rising China's BYD says it is positioning itself to benefit from the global shift away from fossil fuels.
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Notable Quotes
"We survive and are successful without the US market today."
— Stella Li , Executive
"Consumers feel the daily savings when oil prices increase. EVs help them save money every day."
— Stella Li , Executive
"Actually, we are now suffering [insufficient] capacity. Our demand is much higher than what we can supply."
— Stella Li , Executive
"We are not just a car company. We produce one-third of global smartphone components, we are a leading player in battery storage, solar panels, buses, and trucks. So BYD is an ecosystem."
— Stella Li , Executive
"History suggests not all will survive."
— Stella Li , Executive
"Our scale in China provides a buffer against external shocks. We are optimizing for efficiency, not just volume, and our vertical integration insulates us from commodity volatility."
— Wang Chuanfu , Executive
"We survive and are successful without the US market today."
— Stella Li , Executive
"Consumers feel the daily savings when oil prices increase. EVs help them save money every day."
— Stella Li , Executive
"Actually, we are now suffering [insufficient] capacity. Our demand is much higher than what we can supply."
— Stella Li , Executive
"Our flash charging system promises rapid range recovery within minutes."
— Stella Li , Executive
"Industry consolidation appears inevitable amid intense rivalry."
— Stella Li , Executive
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All Coverage
With the price of fuel rising China's BYD says it is positioning itself to benefit from the global shift away from fossil fuels.
BYD's dominance in China's EV sector allows it to absorb potential U.S. market losses, with a focus on markets across Asia, Europe, and Latin America.
BYD continues to expand globally, setting an overseas sales target of 1.5 million vehicles in 2026, despite limited access to the U.S. market.
Rising fuel costs have accelerated global EV interest, boosting Chinese automakers like BYD in regions outside America, with a focus on markets across Asia, Europe, and Latin America.
BYD, the world's largest electric vehicle maker, asserts it can succeed without the U.S. market, focusing on increased demand in regions like Brazil, the UK, and Europe.
BYD continues to scale operations despite limited access to the United States, focusing on markets across Asia, Europe, and Latin America, with rising oil prices making EVs more attractive to consumers.
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