Etiqueta: import

It's 13-millionth electric vehicle, the Yangwang U7, rolled off the Shenzhen plant.

Chinese giant BYD announced on Monday that its luxury brand Yangwang will be expanding to Europe, becoming the first Chinese automaker to enter the top-tier luxury segment in the continent.

The Indian electric vehicle market is heating up. Tesla has launched its Model Y in India with showroom openings planned. VinFast, a Vietnamese EV maker, is also entering the market. They are planning a manufacturing plant in Tamil Nadu. Pre-bookings are open for VinFast's VF6 and VF7 models. These EVs will compete with established players and other upcoming electric SUVs.

Following Germany, BYD is now also parting with import specialist Hedin in Sweden and taking over responsibility for sales activities there itself. Hedin

Chinese electric vehicle giant BYD is set to launch its first assembly plant in Brazil this month, a strategic move to localize production and counter rising

Chinese EV giant BYD Co. Ltd. is expected to begin local EV assembly this month with a new plant in Brazil, following a strategic shift due to increasing import duties. In Bahia state and on the site of a decommissioned Ford factory, the new facility will help BYD cut down on imported vehicles and…

SAO PAULO (Reuters) -China's BYD is poised to start assembling electric vehicles at a new factory in Brazil as early as this month, a top executive said, reducing imports as tariffs start to rise in its largest foreign market. Alexandre Baldy, senior vice president for BYD in Brazil, said the goal is to assemble 50,000 cars this year at the plant in Bahia state from imported kits, adding that he is negotiating a lower tax rate on those vehicles. BYD had sent a surge of finished cars into Brazil this year to take advantage of temporarily lower tariffs, shipping some 22,000 from China in the first five months, according to Reuters calculations.

When word spread last winter that BYD was scouting central Mexico for a multibillion-dollar factory, governors from Coahuila to Querétaro rolled out the red

If there's one thing we know about Chinese manufacturing, it's how cheaply everything's produced compared to the U.S. The automotive sector is no exception.

Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD , putting ambitious local production plans at risk.