Etiqueta: turkey

BYD topped the 1 million EV sales mark following a record-breaking August. China’s leading EV maker continues surging ahead as...

Chinese electric vehicle (EV) maker BYD announced it will buy Hedin Electric Mobility (HEM), one of the companies that distributes its EVs in Germany, as part of the Chinese company's attempts at building a stronger presence in Europe. According to the agreement, BYD will take over sales of vehicles and parts in Germany, as well as management of BYD stores in Stuttgart and Frankfurt. Buying HEM will give BYD greater control of sales in Europe's largest auto market (2023 sales: 2.85 million) where the company sold a little over 4,000 vehicles last year.

BYD’s rapid ascent in the automotive rankings is particularly notable as many leading global automakers, including industry giants like Toyota Motor and Volkswagen Group, experienced declines in the same period

The car manufacturer BYD wants to establish itself on the world market - also through partnerships, for example with Uber and Forvia.

BYD’s $2.5B investment will boost Turkey’s auto industry and target $30B in global investments by 2030 says Minister Kacir

China’s car giant BYD’s announcement to build a billion-dollar factory in Turkey represents a significant turnaround in bilateral relations. However, concerns persist regarding human rights issues and…

Given BYD's aggressive expansion, strong sales momentum, and continuous innovation in battery technology, AI-driven models forecast a realistic stock price target of $70 to $75 by the end of 2024.

Tariffs on Chinese electric vehicles (EV) will likely boost investments in new European factories, which is good news but could also undermine Europe’s industrial base, to address this challenge the EU needs to strengthen and unify its investment rules, writes Tobias Gehrke.

Blocked from the United States, Chinese EV makers set their sights on Southeast Asia. A Chinese automaker already surpassed Tesla as the world's biggest seller of electric vehicles.

No timeline yet, but drivers beware: Plans include collaboration on autonomous-capable vehicles