EVWorldNews

Category: BYD

  • BYD looking to build factories in Europe in coming months

    Chinese automaker BYD is looking to launch its first Electric Vehicle in Europe in the months to come and is also looking to open a couple of factories in this continent. The company is also eyeing locations in west and east of the continent however it is going to prefer the ones which are more developed where the demand for the electric vehicle is already high and is growing further.

    This is a move which could help BYD meet its growing demand and also avoid the high tariffs which are imposed on the Chinese imports by the EU. This is going to make its vehicle priced more competitively and help in the company gaining a market share in the region.

    The carmaker has already built factories in many countries including one which it has in Canada and three in Brazil. This is apart from the Chinese market where it has the single largest electric vehicle presence. The company managed to outsell Tesla and is the second biggest manufacturer of electric vehicles in the world. This move of opening factories in Europe is a part of the broader strategy of BYD to become the global leader in the Electric Vehicle Industry.

    With the plans it has of opening two factories in Europe, BYD is going to position itself for capitalizing on the growing demand for the electric vehicles all over the continent. The company had announced in the summer that it wanted to begin selling its EVs first in Europe in select countries before it could expand further into Europe. This would be a major shift for them as they enter into markets which are yet unexplored for them and could also offer a more affordable brand to the consumers in the European region too. This will help further growth of the company.

  • Chinese electric vehicles are offering a challenge to Europe

    The Chinese electric vehicles are now making their way into Europe and are aiming to win the sales volume from manufacturers such as Volkswagen which are looking to sell higher volumes of vehicle. But Mercedes, BMW and Audi cannot afford to get complacent as the companies will be coming for the upmarket manufacturers too.

    The premium markets however are going to be a lot more difficult to target as it is going to be difficult to compete with the status symbols which Audi, BMW, Mercedes and Porsche have become over the years and the nameplates BYD, Aiways, Xpeng or NIO may not have the same impact.

    It has been said that the share of the Chinese manufacturers of the battery electric vehicles in Europe may rise to about 15% by the year 2025 from 5% that it is right now. The big carmakers of Europe are currently hamstrung by the EU CO2 regulations which are in favor of the bigger, expansive and higher profit market electric cars and therefore seem unable to compete with the mid-price challenge and are even less inclined to contemplate a rise of the cheaper electric runabout.

    It is difficult to believe that the EU policy which is going to hollow the industry out and cause many job losses will be going unchallenged.

    Also read : GM to install 40000 EV chargers (evworldnews.com)

    The market is vulnerable and the brands have been notching up impressive sales which are based on the high-standard equipment levels and have prices which are below the competitive companies.

    Chinese electric vehicles are going to go unopposed from the European electric vehicles. The earlier hurdles such as quality which were being faced by the ICE versions of the Chinese electric vehicles will not be faced by the electric vehicles as they have a superior quality in the recent past due to better manufacturing.

  • BYD electric vehicle coming to Mexico

    BYD, the motor electric vehicle maker from China, is going to launch its cars in Mexico in the coming years. This is in light of the executives putting up a sales target of close to 30,000 vehicles in the year 2024.

    In the coming year, BYD is going to start selling fully electric versions of the Tang SUV alongside the Han Sedan. It is planned to be done through 8 dealers all across Mexico and was announced by the country head Zhou Zhou.

    The automotive industry association of Mexico has sold less than 5% of the cars. In the first few months, of the year these were hybrid and around 31,000 of 693,000 sold in its entirety.

    BYD in Mexico

    In September, the company set itself a pre-sales price for the Han and Tanga models at €72,000 in the electric vehicle Europe market. There are only a handful of Mexicans who make over $10,000 per year according to the statistics of the country. Zou from BYD further said that the company aimed to sell the cars through as many as 15 licensed dealers in the Mexican region by end of the 2023 and then hit 30 by the end of 2024.

    The environmental problems electric vehicles can solve are immense. And hence Mexicans will look at this as an opportunity to solve this problem through the sales of BYD electric vehicles.

    This announcement comes in the wake of Mexico’s planning to make electric vehicles more affordable for their users. Mexico, a major car manufacturer, will now be looking to cut sales taxes and import tariffs.

    Recently, the officials in Mexico are positive about turning half of the automotive production into electric by the end of the decade. Though, skepticism surrounds the claim as experts believe that only 15% can be achieved.

    Also Read: Sun Mobility to increase motor electric vehicle charging infrastructure by three times. – EV World News

  • Toyota And BYD Come Together For Building EVs

    Toyota Innova Crysta Electric Vehicle gets tested for use in Indian market

    BYD is a company which has been working for a very long time now on the electric vehicles; however, most of the EVs from the Chinese company particularly in the United States are right now the zero-emission buses. This looks like it is going to change specially in China as it was announced that Toyota and BYD are going to get into a new joint venture. This venture is going to focus on the developing and researching of the battery electric vehicles.

    The companies said that the new Joint Venture will be set up in 2020 in China as each of the companies is going to contribute 50% of the investment needed. The JV is going to develop and design all-electric vehicles which are going to include related parts and platforms. The resulting vehicles are destined for China as they will be made in a way to make them more attractive for the customers in China.

    The news is following an announcement made in the month of July. The announcement stated BYD and Toyota are going to consider coming together for the all-electric sedans and also low-floor SUVs.

    BYD
    Image Credits: Wikipedia

    They had then said that the batteries which were going to be developed by the companies is going to be for the SUVs and sedan models and is also going to be used for the other vehicles.

    The companies gave more details about how they are going to staff in this new JV as they are going to transfer BYD and Toyota engineers from the related jobs in R&D in the companies to this JV as per a new statement issued by the companies.