Etiqueta: turkey
BYD shifts focus from Hungary to Turkey for European EV production

BYD is set to delay the start of series production at its Hungarian electric car plant, previously planned for the end of 2025, and will also scale back
BYD to delay mass production at new Hungarian plant, sources say
STORY: China's BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 according to sources.And will reportedly run the plant at below capacity for at least the first two years.One source added that at the same time, China's No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower.Shifting production away from Hungary in favour of Turkey would be a setback for the European Union.It has been hoping that its tariffs on EVs made in China would bring in Chinese investments and well-paid manufacturing jobs.BYD's $4.64 billion plant in southern Hungary, will reportedly start mass production in 2026 but only make a few tens of thousands of vehicles over the whole year.That would be a fraction of the plant's initial production capacity.Meanwhile, one source added BYD's $1 billion plant in western Turkey, will far exceed 150,000 cars in 2027.BYD did not respond to requests for comment.The automaker is building the plant in Hungary to sell cars in Europe tariff free.All the cars it currently sells in Europe are made in China, and subject to EU anti-subsidy tariffs on Chinese-made EV imports.Its total tariff is 27%.
BYD to delay mass production at Hungary plant while moving up...

BYD will delay mass production at its Hungarian EV plant until 2026 and will operate the plant below capacity for at least the first 2 years, according to Reuters.
BYD Delays Production Start at European Factory to 2026: Report

Chinese giant BYD has delayed the start of mass production in its first passenger vehicle plant in Europe to 2026, Reuters reported on Tuesday, citing two sources familiar with the matter.
Exclusive-BYD to delay mass production at new Hungarian plant, make fewer...
At the same time, China's No. 1 automaker will start making cars earlier than expected at a new plant in Turkey where labour costs are lower, and will vastly exceed its announced production plans, one of the sources said. Shifting production away from Hungary in favour of Turkey would be a setback for the European Union, which has been hoping that its tariffs on EVs made in China would bring in Chinese investments and well-paid manufacturing jobs.
BYD executive labels UK EV subsidies ‘stupid’ as Chinese carmaker expands...

Company EVP Stella Li pledges to create more than 5,000 jobs in Britain through dealerships by next year
Goodbye to electric-only cars – BYD reacts to low demand for...

BYD is shaking up the race against Tesla, Inc. and Elon Musk, not just with any electric vehicle, but by pushing bold moves into plug-in hybrid vehicles and
BYD surrenders on EVs and announces major decision ― Just this...

Chinese automaker, Build Your Dreams (BYD,) has announced a major decision which deals with a shift in their focus of fully electric vehicles (EVs).
BYD Seal 6 DM-1 Variant — 2,000 Kilometer Range, $15,340. Anybody...

The new Seal 6 DM-1 from BYD is a full featured plug-in hybrid with up to 90 miles of battery only range in the top of the line version.
Tesla Vs. BYD: Tesla Loses Tax Credits Amid Robotaxi Push; BYD’s...
Tesla vs. BYD is no longer a race on EV sales, including BEV-only. Elon Musk has bet all on robotaxis, but can the Austin effort scale up?