Etiqueta: turkey

Chinese EV giant targets Vietnam with dealership expansion and factory plans

Chinese electric vehicle maker BYD (BYDDF) on Thursday outlined plans to expand its dealership network in Vietnam as it opens its first stores in the country th

Along with three electric vehicles, BYD plans to introduce three additional plug-in hybrids (PHEVs) in Europe early next year.

The company will begin building cars at its new factory in Hungary by the end of 2025 and a separate new facility in Turkey will come online shortly after.

The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.

As the global automotive industry rapidly electrifies, China’s consolidation of electric vehicle supply chains has caused geopolitical tensions. This has led both the United States and European Union to raise import tariffs on Chinese EVs – risking a possible trade war. This DGAP Policy Brief compares the approaches of the US and EU and recommends how Germany can support the EU’s position while ensuring fair competition for its automotive industry.

Is it any company with a factory in the Old Continent or one with its headquarters there? The answer will raise even more important questions.

Chinese car maker looks at a world of car plants in drive to dominate global EV sales

BYD's flexible pricing strategy, expansion into new markets, and development of luxury and plug-in hybrid vehicles position it for long-term success. See more here.

12 Jul 2024 - Chinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the US and the European Union.