Etiqueta: Germany

China's BYD revamps its Europe operations after sluggish EV sales, adding hybrids and hiring local talent, sources reveal.

MILAN/SHANGHAI (Reuters) -China's leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said. The Chinese EV leader announced in December that plug-in hybrids would be crucial to its European strategy. "He was very quick to get the message and give the input to BYD's engineers that every new model would have to come both in EV and hybrid" versions for Europe, Altavilla told Reuters.

Competition with China in the automotive sector is a challenge for Europe, but also presents opportunities. Coordination is needed at the EU level to develop local value chains and to ensure that strong EV demand rebounds, providing continued support for the industry.

Saudi Aramco and the Chinese electric vehicle giant BYD announced Monday an agreement to work together on what they called new-energy vehicle technologies.

Tesla may have started the race, but BYD is setting the pace. Does this Chinese EV giant now hold an upper hand in this high-stakes race for electric dominance?

Leading supplier says Shenxing cells can achieve 520km range compared with BYD’s 470km

The first models offered by BYD in the Czech Republic and Slovakia include an all-electric SUV and a hybrid SUV.

Hyundai Mobis will showcase 10 new technologies including infotainment systems tailored to Chinese customers at Auto Shanghai 2025, which begins on April 23rd. The company has developed pre-commercial technologies for local customers at two technical centers in Shanghai and Yantai, and will use demo cars to demonstrate advanced technologies. The company is also strengthening promotional activities tailored to the Chinese market, leveraging local bases to revitalize business after the pandemic. SEOUL, South Korea, April 16, 2025 /PRNewswire/ -- Hyundai Mobis (KRX 012330) will showcase a range of new technologies tailored to Chinese customers at the upcoming Auto Shanghai 2025, which opens on March 23, the company announced on 16. Following its participation in the Beijing Motor Show last year, the company will set up a booth at the Auto Shanghai, one of China's two major motor shows, to increase contact with customers and expand global orders.

Dublin, April 15, 2025 (GLOBE NEWSWIRE) -- The