Etiqueta: Volkswagen

In a surprising turn of events, the dominance of Tesla in the global electric vehicle market is facing a significant challenge as new contenders enter

When certain politicians in the United Kingdom were trying to persuade their fellow citizens to vote to leave the European Union, an argument I don’t remember ever hearing was that Brexit would make it easier for Chinese carmakers to expand their reach in the country. After spending a week with the nation’s most fervent car […]

Reuters and staff reporter Warren Buffett's Berkshire Hathaway has further cut its stake in BYD (1211) to less than 5 percent. Berkshire sold nearly 1.4 million Hong Kong-listed BYD shares for HK$345 ...

Chinese car manufacturer BYD continues international expansion, plans new factory in Turkey.

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

German carmaker Volkswagen is putting a new electric car range on the market in China. The vehicle under the brand name "ID. Unyx" is to hit showrooms this summer, a spokesman said on Wednesday as the new model was presented in Anhui in south-eastern China. Four further models are to follow up to 2026, with VW seeking to profit from the booming Chinese market for electric cars, where Chinese maker BYD has had the upper hand. "Electric models, like the new ID. Unyx are the key to winning over you

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