The facility will have a production capacity of 150,000 vehicles per year, including plug-in hybrids. #BYD #production #factory #EV #Thailand
The Straits Times’ Post
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Another informative FT article, which is worth contextualising in terms of the relative influence of the world’s largest car market and importance of the largest Western brands. In 2023, almost 22 million new cars were sold in the Chinese market according to the China Passenger Car Association (CPCA). Albeit home grown BYD surpassed VW to become the top-selling brand (with a market share of almost 12% versus 11%) three Western brands also sold more than 1 million vehicles: Volkswagen (11%), Toyota (8%) and Honda (5.5%). Between them they dominate more than a third of the Chinese market. With sales of 5.2 million pure BEVs (accounting for 24% of total market sales), another Western brand, Tesla, ranked second to BYD with sales of 603,664 BEVs. It will be interesting to see by 2030 whether the share of BEVs plateaus at 30%. Overall, VAG and Toyota Group are the world’s two largest carmakers with combined global sales totalling around 21 million vehicles, almost equal to the Chinese market. Between them they have 139 vehicle production plants globally. Politicians take note. #automotiveindustry #futuremobility #netzero #decarbonisation #privateequity https://on.ft.com/3KxjEAa
China’s plan to sell cheap EVs to the rest of the world
ft.com
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I help companies successfully find, lease, and/ or renegotiate modern industrial and warehouse properties in the Czech Republic. Full-service value-added industrial real estate advisory.
Chinese EV makers like BYD and Chery are boosting production in Europe to avoid tariffs. While they currently have a cost edge, their success hinges on decisions from Brussels. Labor and energy costs will also close the gap with EU legacy automakers. I am curious to see who will come out on top. I am also curious what the Chinese will bring with them. In the US in the 80s, Japanese automakers opened factories to also avoid tariffs, bringing with them Kaizan manufacturing, which has helped to revolutionise American industry. Also, today the Toyota Camry is almost as American as the Ford F-150 …almost 🚗🚙 #ElectricVehicles #China #Europe #Automotive #Innovation #Regulation
Breakingviews - China’s EU-made EVs are in pole position - for now
reuters.com
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Fluent in both Business and Technology | Helping People and Organizations Develop Real Intelligence (RI) | Landscape Photographer (Creative Outlet)
Will Chinese auto manufacturers soon become the new undisputed champions of mass vehicle production? ------------------------- "A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A shorter-range version costs under $10,000. Tariffs on imported Chinese vehicles probably will keep the Seagull away from America’s shores for now, and it likely would sell for more than 12 grand if imported." https://lnkd.in/gFP6weGQ
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
ca.finance.yahoo.com
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⚡ Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales of lower-cost cars in the region to rival their European competitors amid slowing demand at home. Here are details of plans by Chinese EV makers to invest in Europe: 🚗 奇瑞汽车 Chery Automobile Co.,Ltd.: Chery Auto, China's largest automaker by export volume, announced on April 16 that it has signed a joint venture with Spain's EV Motors to open its first European manufacturing site in Catalonia. 🚗 BYD: The world's largest EV maker BYD announced in late 2023 that it will build its first European electric vehicle production base in Hungary. The plant will produce EVs and plug-in hybrids for the European market and is set to start operating in three years, the company said, opens new tab in January. 🚗 Leapmotor: China's Leapmotor partnered with Stellantis, opens new tab last year, and Reuters reported it will start producing small EVs at Stellantis' Tychy plant in Poland after receiving a green light from the Chinese government for a joint venture. 🚗 SAIC Motor: State-owned SAIC, China's second-largest auto exporter with its MG-branded cars, is looking for a site in Europe to set up an EV production plant. SAIC already has a European parts centre for its MG Motors unit in Amsterdam and plans to open a second facility in France to meet the country's growing demand for its vehicles, the company said in March. 🚗 XPENG: Chinese electric vehicle maker XPeng's co-president Brian Gu said at the Beijing autoshow that an ongoing European probe into Chinese-made EVs and regulatory changes could steer the firm to invest in plants or suppliers abroad, as the spectre of higher tariffs looms. 🚗 GEELY: In 2022, a Polish state-led venture to produce the country's first electric car, known as Izera, signed a licence agreement with China's Geely Holding to build the country's first EV plant. #China #EV #Europe #Automotive https://lnkd.in/eBM4YQQm
Chinese EV makers set sights on European production
reuters.com
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"If you are not investing for electric cars, you are out. You will die. You have no future.” Stella Li, CEO of BYD Americas Just stumbled upon this thought-provoking article discussing the rise of China's electric vehicle (EV) brands and their potential impact on the global automotive landscape. 🇨🇳⚡️ Are they really coming to bury US automakers, or is there more to the story? Check out this insightful piece: https://lnkd.in/ge6NE8Sf The rapid growth of Chinese EV brands poses both challenges and opportunities for the industry. As we witness this dynamic shift, it's crucial for us to stay informed and adapt to the evolving landscape. What are your thoughts on the matter? 💬 Are you bullish on the potential collaboration and innovation that could arise from this global competition, or do you foresee more intense competition ahead? ⚡️🌍 #EVIndustry #GlobalMobility #Innovation #ElectricVehicles #AutomotiveRevolution
China’s EV brands are coming to bury US automakers—or are they? - Charged EVs
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Chinese rival to Tesla, BYD, is set to build a $1 billion car factory in Turkey. The Turkish Government announced last week that BYD CEO Wang Chuanfu and Turkey’s Industry and Technology Minister Mehmet Fatih Kaci had signed the agreement in Istanbul with Turkish President Recep Tayyip Erdogan in attendance. The factory will have the capacity to churn out 150,000 electric and hybrid vehicles each year. BYD will invest around US$1 billion in the factory and plans to set up a research and development centre for sustainable mobility technologies at the plant. Production at the factory is expected to start at the end of 2026 and provide as many as 5,000 Turkish jobs. BYD is the number one challenger to Tesla for the title of world’s biggest battery electric vehicle maker and plans to push into Europe with its cars. More at #Proactive #ProactiveInvestors #ASX #Tesla #ElectricVehicles #EVs #EU http://ow.ly/yUlm105AH7m
Chinese EV manufacturer to build base in Turkey to supply EU
proactiveinvestors.com.au
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Sales Director, MOVE at Terrapinn - expert in delivering world-class events | helping companies source new customers | develop new partnerships | raise awareness for their products/services/solutions in mobility
The emergence of low-priced EVs like BYD's Seagull poses a significant challenge to the global auto industry, echoing the disruption caused by Japanese makers in the 1970s. BYD's efficiency-driven manufacturing model could reshape the market landscape. US automakers need to adapt swiftly to compete. #EV #BYD #Seagull #AutoIndustry #Disruption #GlobalMarket https://lnkd.in/dDRzruKM
Small, well-built Chinese EV called the Seagull poses threat to the US auto industry
independent.co.uk
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Building Business with Bharat | Helping make business Simple and Easy! | Content Team lead at Apsensys Media | Forever a Stove Monkey
For nearly a century now, Toyota has prided itself on its ability to continuously cut down on the costs of manufacturing its complex, highly engineered vehicles. So when Takero Kato, the head of Toyota’s division tasked with EV production, was shocked after traveling through China in 2018, you knew something was up. Talking to the company’s internal newspaper, Toyota Times, Kato said, “For the first time, I came face to face with the competitiveness of Chinese components. Laying eyes on equipment that I had never seen in Japan and their state-of-the-art manufacturing, I was struck by a sense of crisis.” China and Chinese automakers have asserted dominance in the world’s EV market. According to Statista, in 2022 alone, China produced nearly 5.47 million battery-electric vehicles. In a December 2023 article, Fastmarkets reported that over the January-November period of that year, China had produced 8.43 million EVs, an increase of 34.5% on a yearly basis. Why are China and Chinese brands dominating the EV market? Let’s take a look. Insight #1 According to data from Shanghai-based advisory firm Automobility, in 2023, China overtook Japan as the world’s biggest auto exporter. Of the total automobiles exported in 2023 by China, nearly 25% of them were EVs. This is the culmination of a plan nearly two decades in the making. Aiming to shift gears away from combustion engines, China took a serious plunge into EVs in the early 2000s. The strategy? Generous tax breaks and incentives for both EV makers and buyers. A staggering $30 billion tax exemption was announced from 2009 to 2022. And then an additional $97 billion in tax breaks were announced from 2023 to 2027. Additionally, the Chinese government slashed the tax rates for EV makers from the standard 25% to 15%. All of this was enough to start the EV boom. Throw in the removal of license plate restrictions, and EVs are sold like hotcakes in China. These incentives from the Chinese government have allowed Chinese automakers to export their EVs into emerging markets in Latin America and Southeast Asia to grow their businesses. And now, Chinese EV makers are looking to break into Europe and the United States. Insight #2 Talking to the Financial Times, Michael Dunne, the CEO of car consultancy Dunne Insights, said, "No one can match BYD on price. Period. Boardrooms in America, Europe, Korea, and Japan are in a state of shock.” Continued in the comments... - - - - - - - - - - - - - - - - - - P.S. - Let me know your thoughts on why China and Chinese car companies are dominating globally. If I have missed something or you want to let me know about some additional information, please leave a comment. “The Chinese car companies are the most competitive car companies in the world. So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established.” - Elon Musk Follow Bharat S for more content like this.
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🚫🌐 BYD: China’s electric vehicle powerhouse charges into Europe - The Guardian Exciting news! BYD, China's leading electric vehicle manufacturer, is making significant strides as it ventures into the European market. The Guardian's latest coverage sheds light on BYD's ambitions to reshape the future of sustainable mobility across the continent. With a robust lineup of electric vehicles, including buses and passenger cars, BYD is well-positioned to drive the electrification of Europe's transportation sector. This move marks a milestone for BYD and reinforces the company's commitment to advancing clean energy solutions globally. As Europe continues to embrace eco-friendly initiatives, BYD's expansion into the region is poised to make a substantial impact. The company's innovative technologies and proven track record in the electric vehicle industry position it as a formidable player in the European market. Check out The Guardian's article to learn more about BYD's expansion efforts and the implications for the future of electric mobility. It's an exciting time as BYD paves the way for sustainable transportation solutions in Europe. Let's support the #electrification, #sustainability, and #innovation that BYD brings to the table. Read the full article here: [insert link] #BYD #ElectricVehicles #EuropeExpansion https://ift.tt/Ww4zLrD
🚫🌐 BYD: China’s electric vehicle powerhouse charges into Europe - The Guardian Exciting news! BYD, China's leading electric vehicle manufacturer, is making significant strides as it ventures into the European market. The Guardian's latest coverage sheds light on BYD's ambitions to reshape the future of sustainable mobility across the continent. With a robust lineup of electric vehicles, ...
theguardian.com
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BYD is not new to the market as suggested in this headline. The car is considered a standard in China. BYD, with more that 40 branches worldwide, recently bumped off Tesla in EV Sales. The reality is that Seagull (or Dolphin) won't be seen here in the US, because our auto US manufacturers and government won't allow it. Never mind that it's just a better built vehicle that would be affordable to lower income people wanting to transition to EV. If brought here, the taxes, tariffs and import costs would dilute the position of "economy car".
Updated: A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A shorter-range version costs under $10,000. Tariffs on imported Chinese vehicles probably will keep the Seagull away from America’s shores for now, and it likely would sell for more than 12 grand if imported. But the rapid emergence of low-priced EVs from China could shake up the global auto industry in ways not seen since Japanese makers exploded on the scene during the oil crises of the 1970s. BYD, which stands for “Build Your Dreams,” could be a nightmare for the U.S. auto industry.
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
apnews.com
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