BYD Co., China’s homegrown company that’s now become the world’s hottest maker of electric vehicles, has a warning for the US: New climate laws could end up backfiring and leave Americans paying more for EVs than the rest of the world.
That’s the opinion of Stella Li, who’s helping to oversee the company’s global expansion as it vies head-to-head with Tesla Inc. Li is eager to discuss growth plans for markets like Mexico, Chile and Thailand. But ask her about selling EVs in America and she gives a very simple answer: “The US market isn’t under our current consideration.”
