Etiqueta: EU

China’s top EV manufacturer BYD is considering Spain as the preferred site for its third European production facility, according to sources familiar with the

China's top automaker BYD is considering Spain as the leading candidate for its third European car plant, a report said on Tuesday, as the company...

BYD favors Spain for its relatively low manufacturing costs and clean energy network, Reuters reported.

The new assembly plant would join BYD’s planned factories in Hungary and Türkiye, strengthening its foothold in Europe and supporting Spain...

A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain's aim of becoming a major hub for electric vehicle production. One of the sources said Spain is favoured by BYD because of its relatively low manufacturing costs and clean energy network. While it is known that BYD has been looking for a third plant to serve the European market, Spain's emergence as a frontrunner has been previously unreported.

Over the weekend BYD introduced a refreshed Han, increasing the battery range of the DM-I (PHEV) to 245 km (152 mi), almost doubling the battery range. More than many early BEV’s and enough range to cover typical weekly usage with a couple of charges. In addition, fuel efficiency once the battery is depleted increased to 3.44 l/100 km (68 mpg). On the BEV Han, range increased to 635 km (394 mi) on mainstream models and 705 km (438 mi) on the top spec, up from 605 km and 701 km on previous models.While new product was being launched, China announced significant regulatory changes: in order to qualify for the purchase tax  exemption, PHEVs would need to have a range of at least 100 km (62 mi) and BEVs would have to meet stricter efficiency targets. Several other regulatory announcements, particularly around pricing, and product announcements were also made over the weekend, with more anticipated. Looking at product and regulation together helps to illustrate BYD's overall position in the changing Chinese market, with implications that extend beyond their borders.

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