How did BYD respond to the news that China batteries were banned in the United States?

According to related news, BYD responded to the news that China batteries were banned in the United States because the United States is still in its infancy in the field of electric vehicles and needs to increase subsidies to support the battery industry. In China, the battery has been able to directly enter the stage of market sales, and has been baptized and stood the test in the tide of market economy.

The United States plans to implement the inflation reduction bill in 2023, which proposes a total ban on battery components produced in China from 2024; From 2025, the mineral raw materials produced in China will be completely banned. BYD responded: Is this American? Local protectionism? practice The electric vehicle industry in the United States started late and needs to increase subsidies to support it. China has taken the lead in this respect and entered the marketing stage. In the field of electric vehicles, only BYD and Contemporary Ampere Technology Co., Ltd. are currently using batteries, including Tesla, the world's richest man, which is made in China. Tesla, which built a factory in Shanghai, China, relies on China batteries or Korean batteries. Korean batteries are also China batteries. Therefore, China power market has entered the era of involution. If these products survive the brutal civil strife in China, they will be more competitive in the international market.

In response to the statement that the United States banned Chinese-made batteries, the new team of Tianfeng Power said that it did not ban subsidies for electric vehicles, but only canceled subsidies. Understand that the United States has introduced a bill: it should be from 2024, where are any battery components produced? Countries of special concern? Countries on the list will no longer enjoy this subsidy.

The financial statements of China automobile enterprises in the first half of 2022 show that due to strict epidemic prevention measures, the sales of electric vehicles declined, the supply chain was not timely, and the price of chip raw materials continued to rise, which seriously affected the industry. BYD's electric vehicle sales doubled, and Changan Automobile's net profit also doubled. BYD has also expanded the sales of high-end electric vehicles, and the strategy of chip sales has also increased to varying degrees.