Etiqueta: turkey

BYD’s technological advances show where the centre of innovation now lies

BYD has its sights set on Toyota. The world’s largest EV maker believes that once it reaches Toyota’s scale, it...

BYD has set a target to double its overseas sales to over 800,000 units in this year, reported Reuters citing the company chairman Wang Chuanfu as saying to analysts on an earnings call.

Key expansion markets include Latin America, Southeast Asia, and the United Kingdom.

Chinese electric vehicle maker BYD plans to double its overseas sales this year as it steps up competition with Elon Musk’s Tesla and other automakers, a top executive said Tuesday.

The EV maker is targeting growth in Latin America, Southeast Asia, and the UK while ramping up local production

European Commission targets BYD suspecting unfair financial help from China's government for the electric-vehicle automaker's Hungary plant being constructed with imported Chinese labor.

UK is a "very high priority" as a market but won't host a plant due to insufficient labour

Localisation work will be carried out in the UK says BYD boss Stella Li, with factories in Hungary and Turkey

Wang Chuanfu founded BYD (short for Build Your Dreams) in 1995 as a company that manufactured batteries. Now, one of its multiple factories alone is capable of producing one million vehicles in a year. The expansion of BYD's production plant in Zhengzhou occupies an area larger than Segovia. In addition to the factories, new campuses have been built for the workers to live in. There are also dozens of cafeterias, sports facilities, and a couple...