Cleaner Tech
BYD Considers US Battery Plant, Refrains From Selling EVs After Biden Inflation Act
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Chinese automaker BYD Co. is considering building a battery plant in the US but doesn’t currently plan on selling its electric cars there, a top executive said, while laying out a case for tweaks to Biden’s Inflation Reduction Act that seeks to limit reliance on Asia’s biggest economy.
“Currently we don’t plan on selling in the US, we need a better understanding of what the next steps are,” BYD Executive Vice President Stella Li said in an interview Tuesday. “We’ll continue to invest in electric school buses and also battery components but for consumer cars, we haven’t got a decision yet.”