Etiqueta: turkey

Britain has become a battleground for Chinese carmakers because of strong EV sales and absence of import tariffs

According to data compiled by Gasgoo Auto motive Research Institute , BYD s overseas passenger vehicle exports remain at a high level, with the top 10 destinat

China-based automaker BYD is considering Spain as its leading candidate for a third car factory in Europe.

China’s top EV manufacturer BYD is considering Spain as the preferred site for its third European production facility, according to sources familiar with the

U.K. sales jump 880% to 11,271 last month

A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain's aim of becoming a major hub for electric vehicle production. One of the sources said Spain is favoured by BYD because of its relatively low manufacturing costs and clean energy network. While it is known that BYD has been looking for a third plant to serve the European market, Spain's emergence as a frontrunner has been previously unreported.

BYD’s European EV Invasion – Boom in Sales but Stock Takes a Hit! - TechStock²

As reported by CnEVPost, BYD’s overall quarterly sales were down 1.82% YoY with passenger vehicles down 2.1%, while commercial vehicles were up 52.61%. While PHEV sales were down 23.72%, BEV sales were up 31.37%. While the Chinese market declined, overseas sales were up 146.42%. Looking deeper, the BYD brand saw the bulk of the decline, while premium brand Fang Cheng Bao stands out, with sales up 344.87% in September, driven by the Ti3 BEV and recently launched Ti7 PHEV, which have tended to be supply-constrained.However, this is BYD’s first YoY drop in sales since 2020. In a quarter when several other automakers saw increases. What’s happening?

BYD projects to export between 800,000 and 1 million units in 2025, which is about 20% of its total sales.

BYD ramps up its Europe EV push with plants in Hungary and Turkey (500,000/year), eyes local battery production, premium brands, and 1 MW megachargers across EU.