Etiqueta: Stellantis

China's leading electric car manufacturer BYD is reportedly aiming to sell half of its vehicles abroad by 2030. Last year, the foreign share was only around

The U.S. has punitive tariffs on Chinese electric vehicles, which effectively blocks imports. Still, many Chinese EV brands are expanding their markets and going abroad with models that are both packed with features and cheaper.

Executives speaking anonymously revealed that BYD is rethinking how it approaches the European market in the wake of the continent’s resistance to its technology.

China’s share of the UK car market has soared in the last two years to make up more than 10 per cent of imports as Brits embrace an influx of new, cheaper models. Many of China’s biggest manufacturers, from BYD to Geely, are jostling to become the dominant player in the UK EV segment, setting [...]

Signs are that U.S. President Donald Trump’s 25% tariffs on auto imports are causing companies to recalibrate their strategies.

Booths of big Chinese, German and Japanese automakers are bustling at Shanghai's auto show as the industry keeps its sights on the wider global market not subject to steep U.S. tariffs on imports of cars and auto parts

BYD Sime Motors, the official distributor of BYD cars in Malaysia, is partnering up with the Ministry of Transport (MOT) of Malaysia to advance the nation’s low-carbon mobility agenda.

The Lexus ES was modeled at the Shanghai Motor Show in Shanghai, China — introducing the world to Lexus' next generation of electrified vehicles.

Forget the Mustang four-door coupe, we want this stylish shooting brake

STORY: Chinese EV giant BYD is executing a European reboot. Reuters sources - all current or former executives - say the firm is having a rethink after a series of strategic stumbles. That includes failing to sign up enough dealers or hire executives with local-market knowledge. BYD has also decided it needs to offer hybrids in countries still resistant to fully electric vehicles. The executives say it’s now moving fast to tackle all such failings. That includes poaching managers from European automakers, in particular Stellantis. BYD is targeting Europe after enjoying a stellar rise in China, where its sales have risen seven-fold since 2020. It’s now the world’s sixth-biggest automaker, and has overtaken Tesla as the top maker of EVs. But a protracted price war in its home market has made profits hard to come by, and spurred the search for overseas income. The company expanded to Europe in 2023, with bold ambitions. BYD aimed to be the region’s top EV seller by 2030. But the Reuters sources say it failed to do its homework before diving in. They say the core mistake was to treat the area as one market, when car buying customs and preferences are actually very different across European countries. Now some figures suggest its reboot is already paying off. Including the UK, sales in Europe more than tripled in the first quarter of this year. Even so, the firm still has a long way to go. In Germany - the region’s biggest market - BYD sold fewer than 2,900 cars last year.