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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-cost Chinese 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. It starts at $53,400 (899,980 pesos).
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