According to Chinese media Kuaikeji, U.S. Treasury Secretary Bescent recently gave a speech at the Charlotte Economic Club in Charlotte, North Carolina, and described cars from major Chinese electric vehicle (EV) maker BYD as 'a $70,000-class car that can be bought for $35,000 (approximately 5.46 million yen).' The article stated that the reason BYD cars are supported by consumers worldwide is 'their extremely high cost performance and ability to provide a class-transcending experience.' Regarding overseas luxury car manufacturers, it reported that 'for a long time, leveraging their brand power, they have held the initiative in pricing in the mid-to-high-end car market, often setting high prices even for models with equivalent quality and specifications.' On the other hand, regarding BYD, it reported that 'it can leverage its unique technological development capabilities across the entire industrial chain to control three core technologies: batteries, motors, and electronic control systems in-house. Through continuous technological advancement and large-scale production, it lowers costs while maintaining product quality, thereby breaking through the price barriers established by overseas car manufacturers and redefining the value system in the global automotive market.' It also pointed out that 'behind BYD's high word-of-mouth reputation are steadily growing overseas sales results, which underscore the company's overwhelming strength.' It mentioned that overseas sales of passenger cars and pickup trucks in August increased by 134.6% year-on-year to 188,746 units, setting a new record for the fifth consecutive month, and that overseas sales from January to August reached 1,158,000 units, already exceeding the full-year total for 2025. It further reported that leading models such as 'YUAN UP,' 'DOLPHIN,' and 'SONG PLUS' are consistently increasing their presence in overseas markets, leveraging their excellent balance, and supporting the company's sales growth.