Etiqueta: thailand

BYD celebrated the opening of its Thai plant and the production of its 8 millionth new-energy vehicl

(Bloomberg) -- JPMorgan Chase & Co.’s analysts raised their price targets for BYD Co. by more than 80% on expectations the Chinese automaker will deliver 6 million vehicles globally in the next two years.Most Read from BloombergSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatHurricane Beryl Makes a Mockery of Texas Climate DeniersMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidThe End of the Cheap Money Era Catches Up to Chelsea FC’s OwnerAsia’s Richest Banker Ge

On Monday, BYD Company Limited (OTC: BYDDY) signed a deal to open a $1 billion electric-vehicle factory in Turkey, directly threatening the dominance of Tesla Inc (NASDAQ: TSLA) in several European markets. BYD Is Boosting Its Presence In Europe Although BYD has already been selling its EVs in Europe since 2021, most of its sales are still in China, but the Tesla killer is aggressively expanding its footrpint outside its home market. This will be its second facility in Europe, with the first cur

BYD Agrees $1 Billion Tariff-Dodging Car Plant in Turkey

By Fulya Ozerkan China’s electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariff…

Production starts in 2026

Recently opened its first overseas vehicle assembly plant in Rayong province

Now has 117 BYD dealer outlets in place

On July 8th, BYD signed an agreement with the Turkish government to invest about $1 billion in building factories and research centers.