Etiqueta: Europe

BYD, China’s biggest electric vehicle pmanufacturer and Tesla’s direct rival, has just signed a $1 billion deal for a factory in Türkiye, to open in 2026 The […]

BYD, China’s biggest electric vehicle pmanufacturer and Tesla’s direct rival, has just signed a $1 billion deal for a factory in Türkiye, to open in 2026 The […]

Beijing is leading the way in AI regulation, releasing groundbreaking new strategies to govern algorithms, chatbots, and more. Global partners need a better understanding of what, exactly, this regulation entails, what it says about China’s AI priorities, and what lessons other AI regulators can learn.

New research is predicting that Chinese brand BYD could replace Tesla as the best-selling manufacturer of electric vehicles. According to Bloomberg Intelligence’s (BI) Global BEV Report 2024, the global BEV sales mix could reach 15% by 2025, up from last years 11%, before doubling to 31% in 2030. It predicts China will remain the most

(Bloomberg) -- JPMorgan Chase & Co.’s analysts raised their price targets for BYD Co. by more than 80% on expectations the Chinese automaker will deliver 6 million vehicles globally in the next two years.Most Read from BloombergSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatHurricane Beryl Makes a Mockery of Texas Climate DeniersMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidThe End of the Cheap Money Era Catches Up to Chelsea FC’s OwnerAsia’s Richest Banker Ge

Tesla's U.S. market share for electric vehicles dropped below 50 percent, with competitors gaining ground. Meanwhile, China's BYD plans a $1 billion car factory in Turkey. Bill Ackman is raising up to $20 billion for a new fund with lower fees and Volkswagen might close Audi's Brussels plant due to declining luxury EV demand. All this and more on this edition of World Street. Fed Chair testifiesFederal Reserve Chair Jerome Powell told lawmakers...

China's BYD Co. will build an electric vehicle manufacturing facility in Turkiye and expects this to improve its position in the European market, Azernews reports.

Chinese automaker BYD, known primarily for its affordable vehicles, is making a bold move into the high-performance luxury car market with its new electric supercar, the Yangwang U9. This premium model, produced under BYD’s Yangwang brand, was recently spotted undergoing rigorous testing at the Nurburgring, Europe’s most iconic race track. The U9 is being honed to not only boost BYD's image but to seriously compete with established supercars on a global stage. Image Via BYD The Yangwang U9 is a

China’s largest electric car manufacturer BYD has signed a $1bn deal to build a manufacturing plant in Turkey,

On Monday, BYD Company Limited (OTC: BYDDY) signed a deal to open a $1 billion electric-vehicle factory in Turkey, directly threatening the dominance of Tesla Inc (NASDAQ: TSLA) in several European markets. BYD Is Boosting Its Presence In Europe Although BYD has already been selling its EVs in Europe since 2021, most of its sales are still in China, but the Tesla killer is aggressively expanding its footrpint outside its home market. This will be its second facility in Europe, with the first cur