Etiqueta: VW

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

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

New research is predicting that Chinese brand BYD could replace Tesla as the best-selling manufacturer of electric vehicles. According to Bloomberg Intelligence’s (BI) Global BEV Report 2024, the global BEV sales mix could reach 15% by 2025, up from last years 11%, before doubling to 31% in 2030. It predicts China will remain the most

Tesla's U.S. market share for electric vehicles dropped below 50 percent, with competitors gaining ground. Meanwhile, China's BYD plans a $1 billion car factory in Turkey. Bill Ackman is raising up to $20 billion for a new fund with lower fees and Volkswagen might close Audi's Brussels plant due to declining luxury EV demand. All this and more on this edition of World Street. Fed Chair testifiesFederal Reserve Chair Jerome Powell told lawmakers...

A popular Chinese brand could soon overtake Tesla to claim the coveted battery electric vehicle crown as Elon Musk's brand struggles with waning sales. New research from Bloomberg Intelligence's Global BEV Report 2024 suggested that Tesla's longer-term success is dependent on the unveiling of a cheap, high-volume vehicle - rumoured to be the Model ...

BYD will set up $1bn EV plant in Turkey as per Turkish government officials. The official announcement will be made by the Turkish President.

When Germany’s national football team takes the field in Dortmund on Saturday, a game of geoeconomic chess will be taking place on the sidelines, with stakes that go beyond the European Championship.

There are still some big questions that remain for British motorists about this relatively little-known brand.

The latest data from S&P Mobility finds that EV inventory at the end of April climbed 5.7% compared to the prior month and up 105% compared to a year ago. This despite steep discounting for EVs through most of the year.