Etiqueta: Indonesia

(Bloomberg) -- JPMorgan Chase & Co.’s analysts raised their price targets for BYD Co. by more than 80% on expectations the Chinese automaker will deliver 6 million vehicles globally in the next two years.Most Read from BloombergSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatHurricane Beryl Makes a Mockery of Texas Climate DeniersMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidThe End of the Cheap Money Era Catches Up to Chelsea FC’s OwnerAsia’s Richest Banker Ge

The well-known electric car manufacturer from China, BYD, officially launched Dolphin 2025, which offers a longer reach at an unchanged price.

Bangkok is reportedly investigating BYD's distributor after a sales rep promised a customer that prices wouldn't fall further—and then they did.

BYD is very serious about expanding into the international market, the latest Chinese manufacturer is rumored to have approached an agreement with the Turkish government to build a factory in the country.

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BYD held a ceremony for the completion of its factory in Thailand and the production of its 8 millionth new energy vehicle.

BYD opened an electric vehicle factory in Rayong on Thailand's eastern seaboard on Thursday, as China's grip on the local car sector ramps up

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

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

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.