BYD cites geopolitical uncertainty as reason to pause US passenger-car sales

At the Milken Institute Asia Summit in Singapore, BYD executive Li explained that the company’s expansion plans are being hampered by opaque geopolitical dynamics, which make it difficult to achieve the visibility and control required for investment. Consequently, BYD has decided to suspend any immediate entry into the U.S. passenger-car market, citing a lack of clarity and stability. Li also clarified that BYD will not partner with other Chinese companies, highlighting its dominant position in areas like battery storage and solar panels.

She mentioned ongoing recruitment difficulties in China and the intention to increase the use of industrial robots to address labor shortfalls. Additionally, Li described BYD’s shares on the Hong Kong exchange as “super undervalued” relative to U.S. competitors, underscoring the firm’s broader engineering focus beyond automobiles. Finally, she reaffirmed Nvidia’s role as a strong chip partner for the company.