It's a small hatchback with vague Honda Fit overtones. It will reportedly go 190 miles on a charge, and if you want more there's the Dolphin Mini Plus with 252 miles of range—and a $23,000 bottom line. According to BYD, there are no plans to sell these very affordable EVs in the US.

The company's CEO said at a conference in May that it has no plans to sell EVs in the U.S. BYD EVs aren't being sold in the U.S. now largely because of 27.5% tariffs on the sale price of Chinese vehicles when they arrive at ports.

Slashing prices A few days later, BYD also cut the cost of the newest version of its cheapest car, the Seagull, by 5%. It now has a starting price under $10,000. Although Tesla also cut prices on some models in China last year, the Model 3 and Model Y still sell for more than double BYD's prices.

BYD Company Limited or BYD (Chinese: 比亚迪; pinyin: Bǐyàdí) is a publicly listed Chinese multinational conglomerate manufacturing company headquartered in Shenzhen, Guangdong province, founded by Wang Chuanfu in February 1995.