That’s all fine, but the US presumably want to end the NEV China supply chain, so it doesn’t matter.BYD is better positioned than anyone else to be put on SDN list. It is deeply connected to Californian political class. It's very popular with the environmental crowd. It has a good reputation due to its commitment to reduce global emission. On top of that, it is doing a great job of getting itself into every major company's supply chain.
Apple can't produce iPhones without BYD electronics. In a few years, every major automaker will be utilizing BYD battery or motor in their NEVs. And if Chinese NEV industry gets put on SDN, the rest of the world can either work with China on local currency settlement and have these details worked out (shouldn't be that hard) or they can stop producing NEVs. The entire NEV industry right now relies on Chinese supply chain.
China has not nationalized any Western companies, because no red lines have been crossed. But if America starts to seize Chinese companies, you can bet China would start to do the same.
At the end of the day, where will BYD be if it can only sell inside China and to countries that will have direct access to Yuan through currency swaps, yuan clearing centers, CBDC or something like Alipay+? I would say it can still do really well. BYD with 50% market share in China (after American automakers get booted) + export sales to rest of Asia, Africa and South America would still get 15 million sales a year as well as electric commercial vehicles, battery storage sales, chips, BYD electronics and Skyrail.
Also as I said before, I'm really against BYD entering US PV market. That would bring too much attention to itself. It's doing great in America in commercial vehicles, energy storage and building cars for other automakers like Nuro. Don't rock the boat. Just secretively get into GM/Ford/Tesla supply chain.
US can say: any country that uses BYD is sanctioned. Nothing to stop them.