You don't necessarily need an ICE power train for a series PHEV which can use a small ICE engine running at full efficiency all the time as a generator and without any mechanical connection to the wheels.Also something to consider, what is the maximum number of complete cars BYD can actually build? I believe they only have one or two auto production plants, so batteries/parts is a bigger part of their business than the actual cars. I think they barely have a fraction of the capacity of Toyota in China alone, let alone worldwide.
Unrelated to the latest news. I was looking into some PHEVs, and the current crop are so unremarkable. I can see how LI-ONE can sell so well despite being the only model in their lineup.
Most PHEV are built from ICE to PHEV, so the main powertrain is based on ICE with all the complexity of transmission, differentials, etc. etc. With it, you have smaller battery/Electric range and thus the extra cost of the EV powertrain is not very economical (Less than 50Km EV range).
Li is basically the only EV-oriented PHEV now that the Chevy Volt is no longer in production.
The question is that whether the ICE powertrain is worth putting in versus more batteries, and in most cases it is probably not, which explains the luxury price tag for the LI-ONE.
This takes advantage of the literal 10x higher energy density of chemical fuel over batteries for long trips while still allowing for a large battery for short cruises and reduced maintenance costs due to lower drivetrain complexity.