BYD sees geopolitics as its top growth challenge

Geopolitics is the primary challenge facing BYD's global expansion, Executive Vice President Stella Li said on Thursday, October 8, 2026. Her comments follow the company president's stated goal to make the Chinese firm the world's largest automaker within five years.

Speaking at the Milken Institute Asia Summit in Singapore, Li explained that businesses require certainty and visibility to invest safely. Due to complicated conditions and a lack of stability, BYD decided not to enter the US passenger car market at this time, even though the company has operated in the country for a long period.

Li noted that BYD has no plans to form partnerships with other Chinese companies, pointing to its established leadership across multiple industries such as energy storage and solar panels. Addressing operations in China, she reported difficulties in hiring enough personnel, adding that the group plans to deploy industrial robots in the future.

Regarding market valuation, Li stated that BYD's shares on the Hong Kong stock exchange are extremely undervalued compared to American peers, arguing that BYD is an engineering enterprise rather than merely an automaker. She also affirmed that Nvidia remains a very strong partner for BYD in semiconductor chips.