US Treasury Secretary Bessent’s Praise for BYD Goes Viral as Strong Product Strength Wins Global Recognition
Recently, US Treasury Secretary Scott Bessent made remarks about BYD during a speech at the Charlotte Economics Club, stating that BYD offers the best car one can buy for $35,000 — a vehicle that delivers the experience of a $70,000-class automobile. His comments quickly went viral online, serving as a vivid testament to the growing reputation of Chinese automakers abroad. BYD has earned global recognition through continuous technological iteration and large-scale precision manufacturing, backed by outstanding product strength.
Bessent’s assessment cut straight to the heart of BYD’s core competitiveness: affordable pricing, reliable quality, rich features, and a premium driving experience that exceeds its price bracket — ultimately winning the trust of consumers worldwide. As of August, BYD’s overseas sales of passenger vehicles and pickups reached 189,000 units, a year-on-year increase of 134.6%, adding more than 100,000 units compared to the same period last year. This marks the fifth consecutive month that BYD has set a new overseas sales record. From January to August, BYD’s cumulative overseas sales totaled 1.158 million units, already surpassing its full-year overseas sales of 1.0496 million units in 2025. Several models, including the Yuan UP, the Dolphin family, and the Song PLUS, have continued to serve as the mainstays of BYD’s overseas lineup.
These impressive overseas sales figures are by no means the result of price advantages alone. They are the hard-earned outcome of self-developed capabilities across the entire industrial chain. BYD has achieved full independent control over three core technologies — batteries, electric motors, and electronic control systems. Through continuous technological iteration and large-scale precision manufacturing, the company is reshaping the value logic of the automotive industry while maintaining product quality. A premium driving experience that would typically cost around $70,000 in overseas markets is offered by BYD to global consumers at a price point of just $35,000, breaking down the brand premium barriers long held by overseas automakers and reconstructing the global automotive value system.
The remarkable market data further confirms BYD’s solid reputation. The company remains committed to compliant and deep-rooted development in overseas markets, responding to external skepticism with the choices of tens of millions of overseas users and real delivery results. With its formidable product strength, BYD has vindicated “Intelligent Manufacturing in China” and stands as a vibrant example of Chinese industry taking its place on the international stage.
