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BYD debuts first pickup truck in Mexico

BYD, the world's largest electric vehicle manufacturer, has unveiled its first pickup truck, the Shark, in Mexico. Priced at 899,980 Mexican pesos ($53,407), the midsize luxury plug-in hybrid will compete with models from Ford, Toyota, and Nissan in Latin America's largest vehicle market. BYD's decision to launch the truck overseas instead of in China reflects limited domestic demand for pickups due to usage restrictions in major Chinese cities. The move is part of BYD's strategy to expand overseas as it faces intense competition and a price war in its domestic market.

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