China’s BYD picks Hungary for its First European Electric-car Plant
BYD plans to build its first European car factory in Hungary, part of a push by the Chinese electric-vehicle powerhouse to challenge Tesla as the dominant maker of battery-powered cars. The plant in the southern city of Szeged will produce…
China’s BYD to sell Midsize Electric Bus in Japan
China’s leading electric vehicle (EV) manufacturer BYD will start to sell a new model of midsize electric bus in Japan to meet the growing demand for green public transportation. The J7 midsize electric bus tailored for the Japanese market has…
KG Mobility Partners with China’s BYD to Manufacture Electric Vehicle Battery Packs in South Korea
KG Mobility is set to build a battery pack manufacturing plant in South Korea, leveraging the technology of BYD, China’s largest electric vehicle manufacturer. On Nov. 1, KG Mobility announced that it had signed a “Battery Pack Factory Construction and…
China EV Maker BYD Reports Record Quarterly Profit of $1.42 bln in Q3
China EV maker BYD reports record quarterly profit of $1.42 bln in Q3 Reuters / UPDATED: OCT 30, 2023, 19:12 ISTB YD logged 22.12% in third-quarter gross profit margin, compared with 18.73% in the second quarter, according to Reuters’ analysis…
China’s BYD Forecasts Higher Third-Quarter Profit on Record EV Sales
Chinese automaker BYD Co. expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales. The Warren Buffett-backed maker of electric vehicles and batteries estimated net profit for the quarter at between 9.55 billion yuan ($1.31…
China’s BYD Eyes Lithium Assets In Brazil In EV Raw-material Push
BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric vehicle (EV) production outside Asia. The Chinese company’s new EV factory in Brazil will include a unit…
BYD Inches Closer to Global EV Dominance As Tesla Sales Dip
Tesla is not done cutting prices in order to remain competitive in the cutthroat Chinese EV market as it just lowered the Model Y tag by the equivalent of US$1,900 there, and continued a Model 3 insurance incentive for next…
Byd India Delivers 200 Atto 3 E-cars On Sept 17 In Select Cities
BYD India, a subsidiary of BYD, has delivered 200 ATTO 3 electric passenger vehicles through a series of events on September 17, 2023 across six major Indian cities – Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, and Kochi. Curated for the BYD ATTO 3 customers, these…
Beijing Blasts Eu For Protectionism While China Ev Stocks Slide
Beijing on Thursday blasted the launch of a probe by the European Commission into China’s electric vehicle (EV) subsidies as protectionist and warned it would damage economic and trade relations, as shares in Chinese EV makers slipped. European Commission President…
BYD Files Trademark For Seagull Electric Hatchback In India
Chinese electric vehicle giant BYD has filed a trademark for its Seagull electric hatchback, hinting at its plans to bring the car to Indian shores. The Seagull was globally unveiled back in April 2023, at the Shanghai 2023 Motor Show as the…
