Why this matters: Chinese EV makers are reshaping the global car market, increasing competition and accelerating the shift to electric vehicles . Date: 24/04/2026 Tags: Business, Automotive, China, Technology Summary: BYD says it can succeed globally without entering the US car market. Firm benefits from rising global EV demand driven by higher fuel prices linked to Iran conflict. China remains the world’s largest EV producer, with exports increasing across Asia, Europe, and