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BYD poised to build $1 billion EV plant in Turkey amid rising trade tensions

Baua Electric

By: Bloomberg | Updated on: 07 Jul 2024, 08:12 AM Turkey is set to unveil an agreemeent with BYD Co. to build a one billion dollar plant that will improve the Chinese EV maker's access to the European bloc amid rising trade tensions --> Turkey is set to unveil an agreemeent with BYD Co.

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Ford to reopen Chennai plant for EV exports to spearhead its global comeback

Baua Electric

Ford Mustang Mach-E (Source: Ford) Ford Motor India said it preferred not to comment on the speculation and that “further information about the type of manufacturing” would be revealed shortly. Chinese automakers like BYD are quickly gaining market share in other global markets, such as Thailand, Singapore, Turkey, Brazil, and Mexico.

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BYD plots another overseas EV plant: Here’s why that could be a bigger deal than you think

Baua Electric

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 Chinese automaker is already a leading EV brand in these countries as it expands into new markets. It’s even cracking into Japan’s auto industry, a market dominated by Toyota.

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Fiat Group and Guangzhou Automobile Group Creating JV for Chinese Market

Green Car Congress

(GAC Group) signed a Framework Agreement to establish a 50/50 joint venture for the production of cars and engines for the Chinese market. The models produced will be equipped with the latest in engine and transmission technology in response to the Chinese government’s requirement to develop fuel-efficient, low-emission vehicles.

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Report: EV Electra aims to make Swedish-engineered Emily GT in Italy

Baua Electric

The Emily GT, an electric sedan prototype created by former Saab engineers in Sweden with Chinese funding, may see production in Italy under the auspices of a Canadian startup, reports Autocar. The post Report: EV Electra aims to make Swedish-engineered Emily GT in Italy appeared first on Bauaelectric Auto News.

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Aurus Senat limo that Putin gifted to Kim uses South Korean parts, data shows

Baua Electric

Parts were also imported from China, India, Turkey, Italy and other EU countries. Aurus Motors and its CEO Andrey Pankov did not respond to Reuters’ requests for comment on the use of foreign parts, including from South Korea, in its vehicles. million imported from South Korea. Aurus does not disclose production numbers.

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Fiat to enter Chinese market

Green Cars News

The Fiat Group has signed a joint venture agreement with Guangzhou Automobile Group Co Ltd for the production of cars and engines for the Chinese market. The vehicle made its debut at the Istanbul Motor Show three years ago having been developed by Tofas AS, a joint venture between Fiat Auto and Koc Holding.

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