Etiqueta: vietnam

The automaker has expanded around the world in recent years

In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition

ASEAN stands for The Association of Southeast Asian Nations, inclusive of Indonesia, Vietnam, Laos, Brunei, Thailand, Myanmar, the Philippines, Cambodia, Singapore, and Malaysia.

There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.

According to GlobalData, BYD Auto has the potential to grow into one of the top ten best-selling brands in the region, but faces challenges.

Customers can visit Bitcar showrooms round the clock to charge their BYD cars

Singapore emerged as one of the main markets of focus for BYD in the region, with the carmaker launching an aggressive marketing campaign in the city-state

China's BYD has substantially increased its lead over Tesla in Singapore's EV market during the first half of 2023, according to recent government data. This development underscores the mounting challenge faced by Tesla, the world's largest EV manufacturer by sales volume, from its rapidly expanding Chinese competitors.

By Xinghui Kok SINGAPORE (Reuters) - China's BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed, highlighting the challenge facing the world's biggest electric vehicle maker by sales from Chinese rivals. BYD's strong growth in Singapore, one of the region's smallest auto markets, underscores the Chinese firm's ambition to dominate the

Aside from easing local content rules, the government's EV investment scheme compels foreign makers to make good on their promise to build local factories, a senior official says.