Etiqueta: Great Wall Motor

BYD is building it first plant in Hungary, while Leapmotor will use a Stellantis factory in Poland, as Chery eyes production in Spain and possibly Italy; Great Wall, SAIC and Dongfeng are also assessing opportunities

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. Manufacturing costs for Chinese EV makers including BYD, Chery Automobile and state-owned SAIC Motor are much lower at home but they are nonetheless keen to set up in Europe to build their brands and save on shipping and potential tariffs, said Gianluca Di Loreto, a partner at consultancy firm Bain & Company.

The latest generation of BYD’s DM hybrid system slashes fuel consumption while extending EV driving range.

BYD Co., Ltd. maintains its position as the world's second-largest EV battery manufacturer from January to April.

Chinese Automakers Surge In UK As Tesla, Ford Sputter: BYD Leads 2,700% Sales Increase In May

Withstanding the fierce rivalry with price advantage, Chinese brands now plan to 'flood' the continent with several models upcoming in the coming years.

Chinese automakers have been focussing on increasing their market share in foreign markets following an economic slowdown at home.

Tesla, Ford Hit The Brakes In UK As Warren Buffett-Backed BYD Zooms Ahead With 2500% Jump In Registrations