Even with the new 100% tariff on electric vehicles imported from China, BYD would still have the cheapest EV in the US. According to a new report, BYD’s lowest-priced EV would still undercut all US automakers at under $25,000.
After discontinuing the production of vehicles powered entirely by internal combustion engines in March 2022, BYD has been at the forefront of the industry’s shift to EVs.
However, BYD has been building its supply chain for much longer. The company began building lithium-ion batteries in 1996. BYD’s batteries powered Motorola and Nokia’s popular smartphones in the early 2000s.
Read Article