Tesla Faces Rival As China’S Warren Buffett-Backed Byd Plans Us Growth

All in, BYD has already given better-known rival Tesla a run for its money: Tesla sold around 76,000 vehicles in 2016, while BYD clocked in more than 100,000 units in sales.
Li said BYD was also expanding into new product lines, such as electric refuse trucks and forklifts.
The facility, which employs around 700 people, will be able to annually produce 1,500 electric heavy-duty vehicles, such as municipal buses.
But the Warren Buffett-backed company has its sights set on expanding in the U.S. market with its Lancaster, California, production facility set for completion next month, Stella Li, president of BYD Motors, told CNBC’s “Squawk Box” on Tuesday.
Li said that BYD’s U.S. customer base wasn’t just confined to green-focused California — the city of Denver is among its biggest customers.

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