BYD

BYD is a major Chinese electric vehicle (EV) manufacturer and the world's largest builder of pure electric and plug-in hybrid vehicles. Recent news highlights BYD's efforts to expand its global presence due to a slowing domestic market and increased competition. While January sales figures were lackluster due to the end of tax incentives, BYD aims for a 24% increase in overseas deliveries in 2026, supported by new models and an expanded sales network. This expansion is part of a broader trend of Chinese EV makers targeting overseas markets, including Europe, where a positive stance on EVs is encouraging growth. BYD's growth occurs amidst a tech war between the US and China, with China increasing its technological self-sufficiency. A trade agreement between Beijing and Ottawa, reducing tariffs on Chinese EVs, further reinforces China's dominance in the EV industry.