BYD Skips the U.S. Tariff Fight, Looks South and East for Growth

Chinese EV giant BYD is shaking up the electric vehicle landscape with aggressive price cuts at home—even as it carves out a dominant position in overseas markets like Europe and South America. Shares of BYD dropped sharply this week, falling over 12% across Monday and Tuesday after the automaker announced sweeping price reductions on 22 of its electric and hybrid…