Chinese electric vehicle leader BYD Co. Ltd. (OTC:BYDDY) says it can expand globally without relying on the U.S. market, as demand surges elsewhere.
Rising fuel costs tied to geopolitical tensions have accelerated global EV interest, boosting Chinese automakers across regions outside America, BBC reports.
Global Demand Shifts Away From U.S.
BYD continues to scale operations despite limited access to the United States.
The company focuses on markets across Asia, Europe, and Latin America. Executive Vice President Stella Li said the firm already thrives without American consumers.
“We survive and are successful without the US market today,” Li told the BBC at the Beijing Auto Show.
The company now struggles to meet demand across international markets.
Li said …
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