Etiqueta: EV

EV Daily | Tesla Faces Legal Battle; BYD Launches Luxury EV Brand in Europe; MG Unveils Advanced Battery Tech

As China's electric vehicle (EV) market continues its rapid expansion, several Chinese companies have emerged with higher profitability than Tesla, drawing global attention. According to CleanTechnica on July 19, four Chinese automakers—Seres, BYD, Li Auto, and Great Wall Motor (GWM)—have outperformed Tesla's operating profit margin of 16.3%, gaini...

In 2025, the fusion of EVs and drones is shaping a major tech trend. As vehicles shift from transport tools to multifunctional platforms, drone integration is expanding their capabilities. On July 18, CleanTechnica spotlighted several recent cases of drone-equipped EVs. BYD is leading drone-EV integration with its sub-brand Fangchengbao’s new SUV, ...

BYD's luxury brand Yangwang will enter European market in 2026 as sales fall in China. Yangwang EVs could face 17% tariffs in the EU.

STORY: China's BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 according to sources.And will reportedly run the plant at below capacity for at least the first two years.One source added that at the same time, China's No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower.Shifting production away from Hungary in favour of Turkey would be a setback for the European Union.It has been hoping that its tariffs on EVs made in China would bring in Chinese investments and well-paid manufacturing jobs.BYD's $4.64 billion plant in southern Hungary, will reportedly start mass production in 2026 but only make a few tens of thousands of vehicles over the whole year.That would be a fraction of the plant's initial production capacity.Meanwhile, one source added BYD's $1 billion plant in western Turkey, will far exceed 150,000 cars in 2027.BYD did not respond to requests for comment.The automaker is building the plant in Hungary to sell cars in Europe tariff free.All the cars it currently sells in Europe are made in China, and subject to EU anti-subsidy tariffs on Chinese-made EV imports.Its total tariff is 27%.

BYD will delay mass production at its Hungarian EV plant until 2026 and will operate the plant below capacity for at least the first 2 years, according to Reuters.

Chinese giant BYD has delayed the start of mass production in its first passenger vehicle plant in Europe to 2026, Reuters reported on Tuesday, citing two sources familiar with the matter.

BYD accounts for 27 per cent of the 18,356 private EVs registered in Hong Kong in the first half of 2025.