Etiqueta: Battery

STORY: BYD is driving forward with its plan to build a $1 billion plant in Indonesia.A top executive said Monday the Chinese electric vehicle maker aims to complete the facility at the end of this year.Eagle Zhao is BYD's president director in Indonesia.“Actually every single progression of our local manufacturing is quite smooth and also on the track. Meanwhile, we will also keep our commitment, which is by end of 2025, we will complete the construction works of our factory in Indonesia.”It underscores the carmakers ambition to dominate in a market where Japanese automakers are popular.Zhao said the long-term plan for the plant is for the export marketThe plant is being built at an industrial complex in Subang, West Java, and projected to have a production capacity of 150,000 EV units annually.“So our manufacturing, once its started we will put the priority and majority for the domestic markets. Meanwhile, we will never stop to thinking about the exportation (export) market as well."2024 was BYD's first year of sales in Indonesia and trade data showed the automaker sold more than 15,400 units.Figures from January to November showed BYD was the leader in terms of battery-based EV sales.It had around 36% of the market share.Zhao said he expected the new plant to produce its first cars not long after the completion of construction.

Shanghai (Gasgoo)- FANGCHENGBAO, a premium automobile brand under BYD, announced on January 20 that deliveries of its flagship BAO 8 off-road SUV have exceeded

Shanghai (Gagsoo)- The DENZA, a premium electric vehicle brand under BYD, announced on January 20 that deliveries of its DENGZA Z9GT sedan have already reached

The Denza Z9GT had an average sales price of RMB 380,000 ($51,950), while the Fang Cheng Bao brand had an average sales price of RMB 332,000 in December.

BYD on Jan. 18 began taking orders for its Sealion 7 sports utility vehicles in India, with a deposit of 70,000 Indian Rupees ($809). The firm plans to

The Sealion 07 has been rebranded in India as the Sealion 7. BYD also showcased the Sealion 6 and the Yangwang U8 in India.

China's electric vehicle giant BYD is evaluating manufacturing operations in India and is keen to proceed once conditions are favorable. Despite visa issues and political tensions, BYD has not seen an impact on its operations in India. In 2023, BYD's proposal for a $1 billion EV and battery plant was not approved, but they continue to import EV models.