Etiqueta: south korea

Tesla just got an unexpected break as Beijing stalls Chinese automakers' expansion into Latin America.

Geely and Renault said in February they had reached an agreement for Geely to use the French automaker's production facilities in Brazil and take a minority stake in Renault's business in the Latin American country. BYD announced plans for a Mexican plant in 2023 and said last year it would announce where the factory would be located by the end of 2024.

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.

CATL and BYD's combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.

Kia’s new electric SUV is quickly climbing the sales charts overseas. The Kia EV5 is now a top-selling EV in...

BYD will increase its sales network in South Korea from 15 to 30 by the end of this year.

Hyundai and Kia sold 1.2 million cars in South Korea last year, cornering 75 per cent of the local market.

In our modern, turbocharged, reality we are rushing towards an exotic new future.  A future in which vehicles are powered by new, sustainable sources of energy; where some cars drive themselves or where ‘hybrid vehicles’ merge the merits of multiple modes of transport.  With unprecedented speed we are driving, pedaling and in some cases even flying into a brave new world.

BYD Co. plans to increase its sales network in South Korea, a car market dominated by local brands Hyundai Motor Co. and Kia Corp., as it pushes for more deliveries outside of its home stronghold of China.

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency