Etiqueta: Honda

China's BYD saw its 8 millionth new energy vehicle rolled off its assembly line at its new plant in Thailand on Thursday.

BYD Launches EV Plant in Thailand, Bolstering Presence in SEA

In May, it was reported that BYD plans to build an automotive assembly plant in Indonesia’s West Java, with groundbreaking scheduled for July.

Electric Vehicle automakers are witnessing turbulent times as price wars cripple profits. To offset losses, companies are looking to expand to regional markets of Southeast Asia. BYD becomes the latest EV company to open an EV factory in Thailand, marking its first expansion in Southeast Asia. Earlier, South Korea's Hyundai Motor Group and LG Energy Solution inaugurated Indonesia's first battery cell plant for EVs with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.

Nissan Motor Co. and Honda Motor Co. are contemplating a collaboration in the development of automotive software and EV charging infrastructure to enhance their competitiveness in the electric vehicle market.

Ford’s CEO Jim Farley offered more details about the automaker’s entry-level EV, which is expected to start at $30,000 and be profitable within 2.5 years.

Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%, according to a new report by MarketsandMarkets. The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast charging points, introduction of autonomous vehicles, deployme

China’s leading automaker, BYD, is taking on Toyota in its home market. As it expands into Toyota’s territory, BYD launched...

BYD has started selling its Seal electric sedan in Japan, home to Toyota. It offers a maximum range of 404 miles and has an introductory offer for first 1,000 customers.

The closure on Friday came amid the rapid spread of electric vehicles in China, which has led to serious sales slumps for Japanese automakers.