Etiqueta: subsidy

At the same time, China's No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower, and will vastly exceed its announced production plans, one of the sources said. Shifting production away from Hungary in favour of Turkey would be a setback for the European Union, which has been hoping that its tariffs on EVs made in China would bring in Chinese investments and well-paid manufacturing jobs.

Company EVP Stella Li pledges to create more than 5,000 jobs in Britain through dealerships by next year

BYD's Dominance and the Fragility of China's EV Ecosystem

The Chinese government has previously said automakers will have to repay subsidies that they have been found to have claimed improperly

The Subsidy Scandal Shaking China's EV Giants: BYD and Chery's Risky Road Ahead

Chinese electric vehicle maker BYD has failed to make a significant impact in the South Korean market six months after its entry. Low consumer trust in Chinese cars and a continuing slowdown in electric vehicle demand are cited as the main reasons for its lackluster performance. According to market tracker Carisyou on July 13, BYD sold 1,337 units ...

The technical part of negotiations between China and the European Union on electric vehicles (EVs) has been largely completed, a social media account linked to China Central Television said in a po…

A hot topic in the EV world lately has been a reported “price war” controversy in China, and perhaps extending a bit beyond that. Some automakers have contended that BYD is engaged in an extreme, destructive price war. We’ve seen various takes on this from different automakers, and China’s Ministry ... [continued]

Spreading a manufacturing base all over the region BYD has aggressively expanded its footprint across the Southeast Asian (ASEAN) region, strategically establishing distributorships in several key countries. This expansion is often facilitated through partnerships with prominent local automotive or business conglomerates, a tactic that mirrors the successful market entry strategies ... [continued]

BYD (BYDDF) faces potential sales challenges due to policy changes in China. Six Chinese cities have discontinued car trade-in subsidies. The decision is d