BYD denies plans to enter US market

Li Ke, executive vice president and CEO of BYD Americas, said the company currently has no plans to sell cars in the United States. He said the current US market is in a confusing stage. In addition, due to the impact of the US's 301 tariffs on China, the import tariff on Chinese electric vehicles has increased from 25% to more than 100%. Despite this, BYD has not given up its attention to the North American market and has begun to expand its production capacity and plant construction pace worldwide.