Baua Electric

NOVEMBER 18, 2024

Amid a wave of new competition and an intensifying EV price war in China, BYD is setting up shop in key overseas markets to drive growth. The company opened its first manufacturing plant in Thailand, a booming EV market. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.

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Baua Electric

SEPTEMBER 13, 2024

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. BYD Sea Lion 07, the brand’s first “mid-sized urban smart electric SUV” (Source: BYD) With new low-cost, efficient EVs hitting the market, BYD continues to see higher demand.

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Baua Electric

NOVEMBER 20, 2024

Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). The American automaker said a “highly disruptive” EV market and new competition are causing significant losses in the region. A Ford spokesperson confirmed the move, citing a “rapidly deteriorating” EV market.

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Baua Electric

NOVEMBER 4, 2024

BYD’s wide-reaching portfolio (Source: BYD) Although BYD is widely recognized for its extremely affordable vehicles, like its best-selling Seagull , which starts under $10,000 (69,800 yuan), China’s EV leader is rapidly expanding into new segments. FTC: We use income earning auto affiliate links.

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Baua Electric

AUGUST 16, 2024

China’s leading automaker, BYD , is reportedly planning to build yet another EV factory overseas as it looks to take on new global markets. Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. The final details are still being ironed out.

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Baua Electric

JULY 30, 2024

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Despite growth in Europe (+2.7%) and Latin America (+6.5%) last month, Toyota’s sales were hit hard in Asia, its biggest market. Will BYD continue squeezing Toyota out of the market?

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Baua Electric

APRIL 20, 2024

This year itself, it has announced two major joint ventures with Turkey-based Daiichi Infotainment System and Switzerland-based Aircom Group AG, while it bought a majority stake in Uni-Automation’s automotive sensor unit. Daichi is a Turkey-based company that offers cockpit electronics and infotainment systems.

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Baua Electric

MARCH 31, 2024

February 2024 was a positive month for the new car market in Europe. According to JATO Dynamics’ data from 28 European markets, a total of 988,116 passenger cars were registered during the month. This is the highest increase among the top 10 origins – allowing the market share for these vehicles to reach 4.0%, up from 3.0%

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Green Car Congress

APRIL 17, 2015

Automotive manufacturers’ use of carbon fiber composites has been hindered by the absence of both high-volume manufacturing methods and affordable material formats. Aksa, based in Yalova, Turkey, is the world’s largest producer of acrylic fibers, a key raw material in the production of carbon fibers.

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Green Car Congress

JULY 6, 2016

Both are built in the Alliance’s plant in Chennai, India, on the CMF-A architecture, which covers the smallest and most affordable category of cars. Renault and Nissan engineers are working together on the development of Autonomous Drive, connectivity and other next-generation technologies for mass-market, mainstream vehicles.

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Green Car Congress

NOVEMBER 10, 2011

Turkey has ambitious plans to reach 2,424 kilometers and surpass the length of Germany’s network. HSR reached 62% of the country’s passenger rail travel volume in 2008, up from just 23% in 1990, thanks to affordable ticket prices, an impressive network, and reliability. Other countries are joining the high-speed league as well.

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Baua Electric

APRIL 25, 2024

Three new materials, which have already proven themselves with users such as excavator manufacturers, are coming onto the market. Decisions with construction measures have already been made for China, Taiwan, India, Italy, Spain, Poland, the USA, Mexico and Turkey. “’igus, make the excavator lubrication-free!’

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Green Cars News

NOVEMBER 13, 2009

will take place at the OYAK-Renault Bursa plant in Turkey. The fossil fuelled version is expected to sell in Turkey, Romania and Russia, while the electric version however will make up part of mass market range of affordable zero-emission electric vehicles expected to start retailing across Europe starting in 2011.

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Green Car Congress

NOVEMBER 11, 2021

We will support efforts to achieve the road transport breakthrough announced by world leaders, which aims to make zero emission vehicles the new normal by making them accessible, affordable and sustainable in all regions by 2030. … The declaration is not legally binding and is focused on a global level.

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Baua Electric

AUGUST 23, 2024

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Can it overtake Ford?

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Baua Electric

SEPTEMBER 26, 2024

“We are grateful for the ongoing support from the Tamil Nadu Government as we explored different options for the Chennai plant,” Kay Hart, president of Ford Internation Markets Group, said. Hart explained that the plant will “serve new global markets.” This is a significant shift from its focus on gas-powered vehicles in the country.

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Baua Electric

AUGUST 28, 2024

Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%). BYD store in Thailand (Source: BYD) BYD opened its first plant in Thailand, a key auto hub and growing EV market, last month. The EV leader posted revenue of RMB 176 billion ($24.7 billion) in Q4 2023.

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Baua Electric

SEPTEMBER 3, 2024

Much of the growth still comes from China, the world’s largest EV market. As it launches new models in growing EV markets like Thailand, Brazil, and Europe, BYD sees that number rising quickly. It’s also planning facilities in Pakistan , Turkey, Brazil, and Mexico. However, BYD expects momentum to pick up overseas.

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