Etiqueta: EU

BYD is postponing its Hungary plant production and exploring Turkey as a strategic hub, amidst evolving EV demand and trade dynamics in Europe.

A Canadian energy analyst’s vacation rental turned into an opportunity to compare China’s BYD electric car with North American models—sparking reflections on how Canada’s trade policy shapes its EV market.

BYD continues to push new models into the market at a furious pace. The latest version of the Sealion 06 looks to be a winner.

Chinese automaker BYD said on Thursday that it is still on schedule to begin production at its first European passenger vehicle factory by the end of this year.

The British are open to new brands and love Tesla-sized cars, which means the BYD Seal U could become a mainstream model.

The global SDV market is rapidly transforming the automotive industry, shifting from static to dynamic, software-centric vehicles. This market is poised to grow from $470 billion in 2026 to $1.19 trillion by 2036, with a CAGR of 7%, surpassing traditional automotive growth. Key drivers include 5G, AI, cloud computing, and consumer demand for personalized mobility. China spearheads global SDV advancement, aided by tech giants like Baidu, Tencent, and Alibaba. The market's disruption presents new

BYD is set to delay the start of series production at its Hungarian electric car plant, previously planned for the end of 2025, and will also scale back

BYD's luxury brand Yangwang will enter European market in 2026 as sales fall in China. Yangwang EVs could face 17% tariffs in the EU.

STORY: China's BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 according to sources.And will reportedly run the plant at below capacity for at least the first two years.One source added that at the same time, China's No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower.Shifting production away from Hungary in favour of Turkey would be a setback for the European Union.It has been hoping that its tariffs on EVs made in China would bring in Chinese investments and well-paid manufacturing jobs.BYD's $4.64 billion plant in southern Hungary, will reportedly start mass production in 2026 but only make a few tens of thousands of vehicles over the whole year.That would be a fraction of the plant's initial production capacity.Meanwhile, one source added BYD's $1 billion plant in western Turkey, will far exceed 150,000 cars in 2027.BYD did not respond to requests for comment.The automaker is building the plant in Hungary to sell cars in Europe tariff free.All the cars it currently sells in Europe are made in China, and subject to EU anti-subsidy tariffs on Chinese-made EV imports.Its total tariff is 27%.