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Turkey-based BD Otomotiv in talks to rescue THINK brand from bankruptcy

Green Car Congress

Sustainable transport group BD Otomotiv (BD OTO AS) said it is in advanced negotiations with the Norwegian court-appointed Trustee of THINK Global to rescue the electric vehicle brand from bankruptcy. BD Otomotiv is a Turkey-based investment group which in recent years has focused on electric transportation.

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Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race

Baua Electric

Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries. Electrek’s Take Ford’s restructuring in Europe comes as EV leaders, like China’s BYD, continue gaining ground in the global auto market. It’s now down to two directors from nine earlier this year. billion (RMB 11.6

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BYD just nabbed another ‘world’s first’ milestone as record sales run heats up

Baua Electric

After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico. As BYD continues expanding into new markets, China’s EV giant is quickly catching up to global auto leaders.

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BYD takes over as China’s largest auto group with low-cost EVs dominating the market

Baua Electric

The milestone is significant, given that SAIC has joint ventures with leading global automakers, including Volkswagen GM. Although BYD is best known for its affordable vehicles, the automaker is rapidly expanding its lineup with new pickup trucks, luxury SUVs, and electric supercars. Will it continue to climb the global auto ranks?

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BYD sold over 500,000 vehicles for the first time in October: Is it enough to take the EV crown?

Baua Electric

After its fifth consecutive record sales month, will BYD take the global EV lead over Tesla this year? Although best known for its ultra-affordable EVs (like the $10,000 Seagull ), BYD is quickly expanding into new segments like pickup trucks, luxury models, and smart electric SUVs.

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BYD is now the world’s largest automaker by R&D workforce after major hiring spree

Baua Electric

With over 900,000 employees, BYD aims to continue climbing the global sales charts as it advances new tech to promote longer-range, more affordable EVs. According to data from Yiche (via CarNewsChina ), BYD was the third top-selling car brand globally in July.

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BYD unveils lavish interior for its new luxury Denza Z9 EV

Baua Electric

Electrek’s Take Most people know BYD because of its ultra-affordable EVs, like the Seagull, which starts at under $10,000 (69,800 yuan) in China. The company opened or plans to open new plants in Thailand, Turkey, Brazil, Mexico, and Hungary to expand its global footprint. However, BYD’s figures do include PHEVs.

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