Etiqueta: EV

BYD, China's top electric vehicle (EV) manufacturer, is dialing back production and postponing factory expansion as mounting inventory levels and sluggish sales weigh on operations, despite its ongoing price cuts that have escalated an already volatile EV price war.

Chinese automaker BYD is set to triple its electric bus and truck production in Europe with a new $94 million facility in Komarom, Hungary, a move that

Another company claims to have solid-state EV batteries in the works that will unlock well over 1,000 miles (3,000 km)...

BUDAPEST (Reuters) -Chinese automaker BYD will invest 32 billion forints ($94 million) in a new plant in the northern Hungarian town of Komarom, tripling its annual capacity to 1,250 electric buses and trucks, Hungarian Foreign Minister Peter Szijjarto said. Under right-wing Prime Minister Viktor Orban, Hungary has become an important trade and investment partner for China, in contrast with some other European Union nations considering becoming less dependent on the world's second-largest economy. "We Hungarians do not consider East-West cooperation a threat, but rather an opportunity, a big opportunity," Szijjarto was quoted as saying on Friday, adding that the government would support the project with a 3.1 billion forint grant.

Chinese company BYD is set to construct a new electric bus plant in Komárom, Hungary, representing an investment of HUF 32 billion.

BYD announced that global sales of the Atto 3 electric SUV topped 1 million units. In China, it is sold as the "Yuan Up." Atto 3 is the third BYD Dynasty series model to reach this milestone, following the Qin and Song. It reached the mark just over three years after launching in February 2022. The Atto 3 compact electric SUV offers two LFP battery...

Multiple sources have reported that BYD has recently halted night shifts at some domestic factories, cut production by over one-third, and put expansion plans for at least four new production lines on hold. Having grown into the world's largest EV manufacturer thanks to a rapid surge in sales, BYD now faces real-world challenges, including sluggish...