Etiqueta: Tariffs

BYD, China’s largest automaker, looked all set last year to build its first factory in Mexico, but then Donald Trump returned to the White House.

No one wins in a trade war, as economists have insisted for decades. Yet Elon Musk sure does seem to be blowing this maxim to smithereens. In January

Chinese electric vehicle maker BYD is set to release a model that will be able to drive up to 400 kilometres after just five minutes of charging, though experts warn of infrastructure challenges.

BYD’s technological advances show where the centre of innovation now lies

BYD has set a target to double its overseas sales to over 800,000 units in this year, reported Reuters citing the company chairman Wang Chuanfu as saying to analysts on an earnings call.

Wang Chuanfu, chairman and CEO of electric vehicle maker BYD, has added $9.3 billion to his wealth this year.

Chinese auto giant BYD has emerged as the largest EV maker, and the six largest automaker overall, by vehicle sales. Three decades ago, it began as a battery manufacturer

Chinese electric vehicle maker BYD plans to double its overseas sales this year as it steps up competition with Elon Musk’s Tesla and other automakers, a top executive said Tuesday.

The EV maker is targeting growth in Latin America, Southeast Asia, and the UK while ramping up local production

STORY: China's BYD has big ambitions according to their chairman this week.The electric vehicles giant aims to double its sales outside China to more than 800,000 cars this year.It will also try to overcome tariffs by assembling cars locally.BYD sold just over 417,000 units overseas last year.A transcript of his call showed chairman Wang Chuanfu said the automaker expects to see "a substantial rise" in its market share in Britain.He argued the country is "very open" to competitive Chinese products.The company also sees "great opportunities" to grow rapidly in Latin American and Southeast Asian countries.He added BYD plans to keep its cost advantage through buying key components from China and assembling the vehicles in local markets.It comes with governments abroad weighing or levying tariffs against Chinese-made cars.Wang told analysts he expected to see the majority of BYD's profits coming from overseas markets "at a certain stage."He didn't specify the timing for that to be achieved.