Etiqueta: Sales

BYD Korea will adopt a similar strategy to AliExpress by prioritizing the expansion of its initial market share through aggressive pricing even at the cost of a low margin, experts and industry officials said Monday.

BYD Makes Bold Moves! The EV Giant Expands in Indonesia! - La Noticia Digital

Chinese EV manufacturer BYD is on track to complete its $1bn production facility in Indonesia by the end of 2025, the company’s Indonesia president director Eagle Zhao told Reuters.

The world’s largest electric vehicle maker is becoming a force in the global auto market. BYD confirmed it’s on track...

The long-term plan for the plant is for the export market, said Eagle Zhao, BYD's president director in Indonesia,News.az reports, citing Reuters. ...

BYD's Indonesia plant has a planned annual capacity of 150,000 units, with long-term plans for the export market.

Establishing a factory in Indonesia will help broaden BYD’s ever-expanding reach across Asia. By Will Girling

STORY: BYD is driving forward with its plan to build a $1 billion plant in Indonesia.A top executive said Monday the Chinese electric vehicle maker aims to complete the facility at the end of this year.Eagle Zhao is BYD's president director in Indonesia.“Actually every single progression of our local manufacturing is quite smooth and also on the track. Meanwhile, we will also keep our commitment, which is by end of 2025, we will complete the construction works of our factory in Indonesia.”It underscores the carmakers ambition to dominate in a market where Japanese automakers are popular.Zhao said the long-term plan for the plant is for the export marketThe plant is being built at an industrial complex in Subang, West Java, and projected to have a production capacity of 150,000 EV units annually.“So our manufacturing, once its started we will put the priority and majority for the domestic markets. Meanwhile, we will never stop to thinking about the exportation (export) market as well."2024 was BYD's first year of sales in Indonesia and trade data showed the automaker sold more than 15,400 units.Figures from January to November showed BYD was the leader in terms of battery-based EV sales.It had around 36% of the market share.Zhao said he expected the new plant to produce its first cars not long after the completion of construction.

The Denza Z9GT had an average sales price of RMB 380,000 ($51,950), while the Fang Cheng Bao brand had an average sales price of RMB 332,000 in December.

BYD is developing its own smart driving systems in double-quick time, with delivery possible by mid-2025.