According to BYD, there are no plans to sell these very affordable EVs in the US. But the company—which is scouting plant locations in Mexico—might have a very good economic incentive to do so.

The company's CEO said at a conference in May that it has no plans to sell EVs in the U.S. BYD EVs aren't being sold in the U.S. now largely because of 27.5% tariffs on the sale price of Chinese vehicles when they arrive at ports.

It's gas-powered cars. BYD launched a price war on ICE vehicles last month with the new Qin Plus EV and PHEV models. Starting at $15,200 (109,800 yuan), the new EV officially opened a “new era of electricity is cheaper than oil.” The DM-i (PHEV) version is even cheaper, starting at around $11,000 (79,800 yuan).

MEXICO - The technology and innovation company BYD, famous for its electric car manufacturing, has set its sights on central Mexico for the installation of the new car plant it wants to place in the country.