Chinese EV giant sends a bold message straight to the US - thestreet.com

BYD is using low-cost, vertically integrated EV technology and rapid global expansion to capture market share even while effectively excluded from the U.S., intensifying pressure on U.S. automakers. Honda’s $9 billion EV write-down and renewed focus on hybrids illustrates how competitive pressure from low-cost EV leaders can force established manufacturers to recalibrate strategies and slow full-electric ambitions. That dynamic increases urgency for profitable, defensible EV plans across the industry.