Etiqueta: Europe

BYD and Forvia team up to operate in Europe: Report

Forvia and BYD expand partnership in Europe

BYD Co. may eclipse Tesla Inc. in annual electric vehicle sales this year as demand surges in China but stalls in the US and Europe, according to Bloomberg Intelligence.

Forvia, the world's seventh-largest car parts supplier, has announced plans to extend its partnership with Chinese battery specialist and automaker BYD to Europe. This expansion, revealed on Tuesday, marks a strategic move for both companies as they seek to capitalise on the changing dynamics of the global automotive market.

The MD of Al-Futtaim Electric Mobility Company shares valuable insights into the growing popularity of BYD in the UAE and Saudi Arabia

The days of calling BYD a “Buffett-backed” company may soon be coming to a close.

Forvia and BYD to bring Asian partnership to Europe

The world's seventh largest car parts supplier Forvia will bring its partnership with Chinese battery specialist and car maker BYD to Europe, it said on Tuesday. Forvia said the two companies will operate together in BYD's new factory in Hungary, as an extension of their current partnership in Asia. "Our collaboration has already resulted in significant achievements in Asia, and we are confident that this expansion will drive further innovation and growth in the European market," Forvia's CEO Patrick Koller said in a statement.

When certain politicians in the United Kingdom were trying to persuade their fellow citizens to vote to leave the European Union, an argument I don’t remember ever hearing was that Brexit would make it easier for Chinese carmakers to expand their reach in the country. After spending a week with the nation’s most fervent car […]

“China has yet to create a single international marquee of its own that is universally recognised and respected. It is time for Chinese carmakers to upend the order of the global automotive industry and chart a course into a new vast territory.”