Report: BYD Eyes US EV Market With Caution

would announce the EV launch at the recent CES tech show in Las Vegas, but nothing happened. Unofficial sources suggested that in 2022, the company conducted a study on how to set up a US distribution network.

They described the study as advanced and serious, with specific recommendations from Detroit consultancy Urban Science on how many outlets in each state and city BYD would need, as well as formats for the brick-and-mortar stores.", including over 900,000 all-electric, basically tripling its volume year-over-year. The company is currently ramping-up multiple new models and expanding sales to many new countries around the world, including several in Europe.

For a company like BYD, it basically means that they would have to go all-in, not only with high-volume but also local production, which is not an easy decision to make, especially in such challenging times.

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