Etiqueta: BYD

BYD will start Hungary production by end-2025, aiming for full European local manufacturing within three years while expanding plug-in hybrid offerings.

BYD Co. is reinforcing its European expansion with new models and showrooms amid a bruising price war at home in China.

MUNICH (Reuters) -China's No. 1 automaker BYD will make its EVs for sale in Europe locally within three years, helping it avoid EU tariffs, while plug-in hybrids should dominate its European sales in the short term, a top executive said on Monday. "We are training ourselves to be more European in production," executive vice president, Stella Li, BYD's No. 2 executive, told Reuters at the IAA Mobility car show in Munich. The EU imposed tariffs on Chinese-made EVs last year because it believed China's automakers benefited from government subsidies.

BYD Co. is doubling down on Europe as it faces stiff competition and a bruising price war in China. The electric vehicle giant is adding new models, building

Europe's top car manufacturer Volkswagen on Monday presented a series of more affordable electric vehicles to take on fast-growing Chinese rivals as Germany's troubled auto sector seeks to turn around its fortunes.Their commercial launch is set for 2026, VW said in a statement, and is part of efforts to combat Chinese carmakers which are gaining market share in Europe with their own affordable EVs.  Volkswagen says it has made considerable cost savings on the cars by sharing technology across th

BMW and Mercedes are done watching Tesla play king. The two biggest luxury brands from Europe have just thrown down the gauntlet with all-electric SUVs meant

BYD’s Executive Vice President, Stella Li, said the company will also expand its stores to more than 1,000 locations in 32 countries across Europe.

BYD Co. is reinforcing its European expansion with new models and showrooms amid a bruising price war at home in China.

The first model off the line will be the Dolphin Surf compact electric car. The news follows a Reuters report in July that BYD was considering delaying mass production in Hungary until 2026 and operating the plant below capacity for at least the first two years.

BEIJING (Reuters) - China's August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wars. EV and hybrid sales outstripped gasoline cars for the sixth straight month in August, but annual growth cooled to 7.5% from 12% in July, China Passenger Car Association data showed on Monday. That was the