Etiqueta: BYD

BEIJING (Reuters) -Chinese electric vehicle giant BYD broke ground on its Cambodia passenger vehicle factory on Monday, according to the Chinese embassy in Cambodia. The new plant in the Sihanoukville Special Economic Zone, with an annual production capacity of 10,000 vehicles, covers an area of 120,000 square meters and is expected to begin operations by the end of this year, the special economic zone said in a statement on its WeChat account on Monday. BYD had received nearly 1,000 new energy vehicle orders in Cambodia in the first quarter, the statement said.

"They are nothing but lies," said Wang Yun, a 35-year-old teacher at a middle school in Tianjin, about many carmakers' marketing campaigns to promote smart driving vehicles.

With an area of more than 1,000 square meters, the new store is the first BYD flagship showroom in Peru.

Chinese EV giant BYD has launched a megawatt (MW)-class fast-charging platform, pushing EV charging speeds to rival gasoline refueling—a move set to further pressure traditional car markets.

BYD has a claimed range of up to 567 km on a single charge. It is offered in two variants.

If there is one thing to be learned from Auto Shanghai - China’s largest automobile show - it’s that China has dozens of car brands that can rival Western ones. BYD surpassed Tesla’s profits, but other EVs like those made by Zeekr, Xiaomi and Chery are quickly joining the race. CNN’s Marc Stewart took a rare test drive of Zeekr’s new 7GT.

The first phase of the plant is expected to start production in the fourth quarter of this year, with a planned annual capacity of 10,000 units.

Donald Trump's trade war with China wasn't mentioned much at the Auto Shanghai show. But the trade battle still was a cloud hanging over the event.

BYD Company Limited is making it as the new leader of EVs based on the numbers, and the stock should reflect that. Click here to find out why BYDDF is a Buy.