Etiqueta: EU

BYD is considering setting up its third European car assembly plant in Germany as it looks to build brand awareness among European customers as a local manufacturer, according to Reuters.

This comes after Germany, Europe’s largest economy and car market, opposed EU tariffs on China-made EVs last year. Chinese carmakers are lookin...

Chinese electric vehicle giant BYD is considering Germany for a possible third assembly plant in Europe, a source familiar with the matter told Reuters, after the region's biggest economy and car market opposed EU tariffs on China-made EVs last year. Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they seek to sell more lower-cost cars in the region to challenge European competitors as demand slows in China, the world's largest car market. Executive vice-president Stella Li said in an interview earlier this month with Automobilwoche that BYD was considering a third facility to serve the European market in the next two years - in addition to the two it is building in Hungary and Turkey - but she did not say where.

EXCLUSIVE - BYD AIMS FOR PLANT IN WESTERN EUROPE, BUT NOT CONSIDERING COUNTRIES WHICH SUPPORTED EU TARIFFS ON CHINESE EVS - SOURCE ...

Chinese electric vehicle giant BYD is contemplating the establishment of its third assembly plant for new energy vehicles (NEVs) in Germany. This consideration…

Sustainability funds which held Chinese EV maker could have been required to divest to comply with ESMA guidance.

Volkswagen is considering a shift towards military production as its auto business faces challenges, including high costs and declining profits. CEO Oliver Blume stated the company is open to exploring military vehicle production. This move comes amid increased European military spending and Volkswagen's need to support its struggling business. Potential collaborations with defence companies like Rheinmetall are being discussed.

The compact hatchbacks from Volkswagen and Toyota are aimed at bringing battery-electric vehicles to the motoring masses.

BYD's head of Europe, Stella Li, says the automaker is considering a third regional plant to build cars for Europe.

Producing vehicles in Europe will allow BYD to skirt tariffs recently placed against it by the EU