Has ability to produce cheaper, lower-quality vehicles
By 
By Will Kessler
Daily Caller News Foundation
The top electric vehicle (EV) maker in China has lowered the price point on some of its models and is eyeing an expansion into western markets, competing directly with sales of gas cars, according to the Wall Street Journal.
BYD slashed its prices on many of its vehicles by more than 10%, putting it in competition with some brands like Volkswagen and Toyota, which have gas-powered cars now at similar price points, according to the WSJ. The EV maker had around 77% of its revenue come from the domestic Chinese market in 2023, but Goldman Sachs expects that to drop to 64% as the company moves to sell more vehicles abroad.
China assumed the spot of the world’s largest auto exporter last year, expanding sales of gas-powered cars in the Russian, Brazilian and Thai markets, according to the WSJ. BYD has targeted the foreign markets with plug-in hybrids that require smaller batteries and are cheaper to make due to smaller battery sizes.
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