Etiqueta: Europe

Booths of big Chinese, German and Japanese automakers are bustling at Shanghai's auto show as the industry keeps its sights on the wider global market not subject to steep U.S. tariffs on imports of cars and auto parts

China not only buys more cars than any other nation. But its manufacturers have also long since become major automotive players. Nowhere in the world is the market more dynamic than here in China, where the majority of new cars on offer are now electrically powered. While motor shows in other countries have faded into insignificance, the horsepower parade in Shanghai remains a highly regarded industry summit attended by millions of people. This time around the boot is on the other foot. Whereas

Al-Futtaim Electric Mobility, the dealership of the automaker BYD for the United Arab Emirates (UAE) market, said this week that the Chinese giant will deploy 200 fully electric taxis in Dubai.

BYD Company ($BYDDF) ($BYDDY) is gearing up to report Q1 earnings on April 25, with forecasts pointing to a massive profit surge despite global tariff pressures. Th...

Volkswagen debuted the ID. AURA, ID. ERA, and ID. EVO electric concepts which herald future AI and EREV tech for VW vehicles.

BYD is said to have already planned an attack on Tesla and its over for Tesla due to welcoming competitor Denza and its latest supercar to Europe

Rob and Jesse talk with Chinese auto market expert Michael Dunne.

STORY: Chinese EV giant BYD is executing a European reboot. Reuters sources - all current or former executives - say the firm is having a rethink after a series of strategic stumbles. That includes failing to sign up enough dealers or hire executives with local-market knowledge. BYD has also decided it needs to offer hybrids in countries still resistant to fully electric vehicles. The executives say it’s now moving fast to tackle all such failings. That includes poaching managers from European automakers, in particular Stellantis. BYD is targeting Europe after enjoying a stellar rise in China, where its sales have risen seven-fold since 2020. It’s now the world’s sixth-biggest automaker, and has overtaken Tesla as the top maker of EVs. But a protracted price war in its home market has made profits hard to come by, and spurred the search for overseas income. The company expanded to Europe in 2023, with bold ambitions. BYD aimed to be the region’s top EV seller by 2030. But the Reuters sources say it failed to do its homework before diving in. They say the core mistake was to treat the area as one market, when car buying customs and preferences are actually very different across European countries. Now some figures suggest its reboot is already paying off. Including the UK, sales in Europe more than tripled in the first quarter of this year. Even so, the firm still has a long way to go. In Germany - the region’s biggest market - BYD sold fewer than 2,900 cars last year.

China's BYD revamps its Europe operations after sluggish EV sales, adding hybrids and hiring local talent, sources reveal.

MILAN/SHANGHAI (Reuters) -China's leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said. The Chinese EV leader announced in December that plug-in hybrids would be crucial to its European strategy. "He was very quick to get the message and give the input to BYD's engineers that every new model would have to come both in EV and hybrid" versions for Europe, Altavilla told Reuters.