Etiqueta: Germany

BYD unveils their brand new BYD E-VALI, a pure-electric light commercial vehicle (LCV), at the IAA Transportation 2024 in Hanover, Germany.

There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.

The move comes as Chinese EV manufacturers such as BYD and SAIC Motor Corp.’s MG brand struggle to expand in Europe.

China’s BYD has announced its acquisition of German distributor Hedin Electric Mobility, a move aimed at strengthening its position as a major electric vehicle (EV) player in Europe. BYD and Hedin revealed the news on 30 August, according to Reuters. Under the deal, BYD Automotive GmbH will assume responsibility for the sales activities of BYD…

Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of battery-only cars.

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.