Tesla rival BYD ‘not planning to come to the US,’ exec says

News Snapshot:

Chinese automaker BYD (BYDDY) dethroned Tesla (TSLA) to become the world’s top seller of electric vehicles last year. To get to that position, BYD has relied on its home market of China for more than 80% of its sales. But now, with China’s EV boom projected to slow for a second straight year, the company is eyeing rapid international expansion. Just don’t expect an entry into the US anytime soon. “We’re not planning to come to the US,” Stella Li, executive vice president of BYD and CEO of BYD Americas, told Yahoo Finance Live (video above). “It’s an interesting market,...