China’s leading EV manufacturer is an industrial giant. BYD, which stands for “Build Your Dreams,” is China’s largest manufacturer of EVs. It has clicked back a notch from entering the U.S. market with U.S-China tensions on the rise.
Even without sales in the U.S., it plans on hitting three million sales by 2025. At that pace, 10 million vehicles a year should come by 2030. For that goal, it would have to be sold in the U.S. It is already sold in Norway, Australia, Britain, Brazil, Costa Rica, Germany, Japan, Mexico, and Singapore.
Battery and electric motor supplies are no problem for the Chinese. It can do it all from supplying its own components to development, manufacturing, and distribution. But coming to America will need to happen, and BYD is banking on its vertical integration and price advantage to take a big chunk of its EV sales to here.
