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As it finalizes plans for yet another EV manufacturing plant, this time in Cambodia, BYD will set up shop next to newly opened Ford and Toyota facilities. With China’s auto market becoming flooded with low-cost competitors, BYD is looking to key overseas markets to drive growth.
With new low-costChinese flooding global markets, Ford CEO Jim Farley vows its new mid-size electric pickup is a “game changer.” Ford’s leader took a jab at BYD, vowing the company’s new electric pickup will match the costs of Chinese automakers building in Mexico. FTC: We use income earning auto affiliate links.
Last year Oregon had also aggressively negotiated with the Chinese carmaker, BYD , to manufacture its line of plug-in hybrids in the state for sale in the U.S.) And in a deal similar to the one already in place between Oregon and Nissan, Mitsubishi said it also plans to release its upcoming electric vehicle models the state.
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