President of BYD America: UAW strike "hurts" US Automobile Industry

CTOnews.com, September 23 (Xinhua)-- Stella Li, president of BYD America, said the UAW strike "hurt" the U.S. auto industry as Biden sought manufacturing investment, Bloomberg reported.

"all car companies are facing the challenge of electric vehicles. It's already very difficult for them," Li Ke said in an interview in Mexico City. "on the one hand, the United States has invested a lot of money for this, on the other hand, the strike scared everyone away."

It is understood that BYD has no plans to enter the US passenger car market, but is selling electric buses in the country. Li Ke has previously said that the inflation reduction Act provides a tax credit of up to $7500 (CTOnews.com Note: about 54750 yuan) for consumers to buy electric cars made in North America, which makes BYD's operating costs in the US market too high.

She said BYD was considering building an electric car factory in Mexico after announcing plans to open a factory in Brazil. BYD partnered with Liverpool, a Mexican retailer, to sell cars and charging stations in its stores.