Etiqueta: EV

The Chinese EV giant is flooding Europe with cheaper, feature-packed cars -- and legacy automakers are scrambling.

Shares in Chinese EV maker BYD ($BYDDY) reversed nearly 2% today as it faced a new backlash in Brazil over its expansion plans. Rivals Spluttering Brazilian car man...

(Reuters) -The world's largest car-carrying ship - with the equivalent of 20 football fields of vehicles - completed its maiden journey late last month to dock in Brazil's Itajai port. BYD, China's top producer of electric and plug-in hybrid vehicles, is offering Brazilian car shoppers relatively low-priced options in a market where the green-car movement is still in its infancy. BYD has deployed a growing fleet of cargo ships to accelerate its expansion overseas, with Brazil becoming its top target, according to Reuters analysis of shipping data and company statements.

Brazilians are rushing to buy Chinese EVs before a 35% import tax comes into effect.

Momentum built around sleek showrooms, bold pricing and a dealer push that worries entrenched rivals.

The world's largest car carrier making its maiden voyage is generally cause for celebration. But in the case of Chinese car manufacturer…