Etiqueta: Germany

Chinese electric vehicle (EV) maker BYD announced it will buy Hedin Electric Mobility (HEM), one of the companies that distributes its EVs in Germany, as part of the Chinese company's attempts at building a stronger presence in Europe. According to the agreement, BYD will take over sales of vehicles and parts in Germany, as well as management of BYD stores in Stuttgart and Frankfurt. Buying HEM will give BYD greater control of sales in Europe's largest auto market (2023 sales: 2.85 million) where the company sold a little over 4,000 vehicles last year.

BYD to buy Hedin Electric Mobility, gaining more control over sales in Germany.

FRANKFURT, Germany, August 29, 2024--At its recent Third Plenum, China mapped out the direction of the country's economic policies: Beijing wants to adapt to the new round of industrial transformation by using robots as an engine for growth. China's success story with industrial robots is unique: the country is by far the largest robot market in the world.

Chinese automotive giant BYD has begun delivering its first electric supercar, the Yangwang U9, marking a significant shift in the global luxury car market. As the first Chinese automaker to complete large-scale testing at Germany’s Nurburgring track, BYD has made it clear that its supercars are ready to compete with the likes of Ferrari, Porsche, and Lamborghini.

Audi presented a new sub-brand for electric cars in China - and unveiled the first representative with the advertised AUDI label. The manufacturer's classic four-ring logo is nowhere to be seen on the concept car. The production-ready debut model of the new Chinese brand is due to launch in 2025.…

The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter. The Biden administration plans to issue a proposed rule that would bar Chinese software in vehicles in the United...

Uber plans to use 100,000 electric BYD cars on its ride-hailing platform, starting in Europe and Latin America, the two companies announced Wednesday.

The size of the worldwide Auto Asset-Backed Security (ABS) market was estimated at USD XX million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of XX% to USD XX...

The size of the worldwide Car Racing Games market was estimated at USD XX million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of XX% to USD XX million in 2032.