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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China sets Marvel release dates following 3-year absence in test of market power: reportMarvel movies have faced seeming discrimination from Chinese regulators due to possible perceived political transgressions from creators or due to censorship offenses.
Source: FoxBusiness - 🏆 458. / 53 Read more »

WTI drops back below $82 despite upbeat IEA’s oil market reportIn its latest oil market report published on Wednesday, the International Energy Agency (IEA) said that China is set to account for half of 2023 oil d
Source: FXStreetNews - 🏆 14. / 72 Read more »

2023 will be like 1967's 'roaring bull market': Billionaire investorFisher Investments founder Ken Fisher forecasts that the U.S. stock market is on the verge of a roaring bull market, citing similarities to 1967's market conditions. How is it possible with declining home prices home builders down graded retail sales down interest rates up and banks missing Fox=clickbait
Source: FoxBusiness - 🏆 458. / 53 Read more »