Baua Electric

JUNE 12, 2024

A new electric hot hatch is about to hit the market. The new BYD Seal 06GT was uncovered in China ahead of its official market debut later this year. BYD revealed the new Ocean-M at the Beijing Auto Show in April, calling it the first RWD performance electric hatch.

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Baua Electric

JUNE 17, 2024

In addition to expanding its own retail footprint, Polestar is deploying new non-agency sales models and has announced seven new markets it will begin selling to next year. The new strategy in Europe will include the switch to a non-agency sales model with the help of new existing partners in its current markets.

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Baua Electric

JUNE 4, 2024

Vice Chairman and MD Neeraj Kanwar has said during multiple investor calls that Apollo has had a heavy capital- intensive cycle in the last decade, setting up large manufacturing capacities in Chennai, Hungary and in Andhra Pradesh. Judicious capex spending has received a thumbs-up from most analysts tracking the company.

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Baua Electric

MARCH 14, 2024

MG, whose electric compact car MG4 was the 23rd best-selling car in France last year after just a year on the market, already has a central logistics centre in Amsterdam, which distributes parts spare parts throughout Europe.

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Baua Electric

JUNE 6, 2024

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs. of the market through April 2024. The company’s market share was up from 14.3%

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Baua Electric

AUGUST 16, 2024

The rationale behind the new tariffs is that the Chinese government has unfairly subsidized its auto industry, enabling Chinese automakers to sell EVs at prices European brands can’t match. Ironically, the market share of Chinese electric buses in Europe is far higher than that of Chinese electric cars.

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Baua Electric

AUGUST 19, 2024

Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit market share, Hyundai continued closing the gap with Tesla as the second-largest EV brand in the US through July. Hyundai’s luxury brand, Genesis, remains a dark horse in the US EV market.

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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

MARCH 21, 2024

After dominating its home market, BYD is taking its best-selling EVs overseas to challenge legacy automakers. share of the European EV market. Shu highlighted how Europe is a much different market than China or the US, with multiple legislations and languages to work with. In Europe, it starts at around $40,000 (37,990 euros).

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Baua Electric

OCTOBER 24, 2024

As the US, the European Union, and Turkey are set to impose tariffs, Chinese companies are pouring tons of investments into full-process manufacturing – which involves all four major steps in auto production, from stamping, welding, painting, and final assembly, according to the report. FTC: We use income earning auto affiliate links.

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Baua Electric

NOVEMBER 1, 2024

It’s also aggressively targeting overseas market share. With a wave of new models hitting China’s auto market, many domestic automakers are looking overseas for growth. With new plants opening in several key overseas regions, like Thailand, Turkey, Hungary, and Mexico, overseas sales are expected to continue rising.

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Baua Electric

OCTOBER 9, 2024

BYD expands in the North American market with new EVs After dominating in its home market, BYD is looking overseas to drive sales growth. BYD opened its first plant in Thailand in June and plans to open several more in Pakistan , Turkey, Brazil, and Hungary. FTC: We use income earning auto affiliate links.

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Baua Electric

OCTOBER 31, 2024

BYD’s new luxury electric sedan, the Denza Z9, will hit the market next month. BYD teases new luxury EV interior ahead of its debut The company’s head of brand sales, Zhao Changjiang, confirmed Denza would launch the Z9 at the 2024 Guangzhou Auto Show on November 15. Check out the images below.

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Green Car Congress

OCTOBER 18, 2022

BYD is the first, and only company in the world, to provide full market new energy vehicle solutions. BYD is the global leader in new energy vehicles (NEVs), and the third-largest auto brand in the world based on market capitalisation. The European market is not entirely new to BYD. Global leader in new energy vehicles.

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Baua Electric

SEPTEMBER 16, 2024

Hao Huan, CTO of CATL’s domestic passenger division, said the new electric bus battery “pays tribute to the 10 years of vigorous development of China’s commercial vehicle market.” share of the global EV battery market According to a recent report, CATL is adding two more factories to its six already planned globally.

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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.

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Baua Electric

JANUARY 11, 2024

SK On has production sites in the United States, South Korea, Hungary, and China. market at all. We are focusing on the European market,” he said. Chinese battery makers dominate world LFP production, supported by strong demand from automakers in its home market. Choi said the firm is not in talks with its U.S.

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Baua Electric

JANUARY 17, 2024

BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. In Norway, VW has made more critical cuts to the ID3’s price tag, to stay competitive in a market that has achieved 82% percent of sales being EVs – 20% of those sales being a Tesla in 2023.

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Baua Electric

AUGUST 28, 2024

BYD Seal test drive in Mexico (Source: BYD) Low-cost EVs, overseas expansion fueling growth BYD’s auto (and related) sales accounted for 76% of revenue, generating RMB 228.3 BYD store in Thailand (Source: BYD) BYD opened its first plant in Thailand, a key auto hub and growing EV market, last month. billion ($1.9 billion ($10.2

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Baua Electric

JANUARY 2, 2024

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. BYD, the country’s dominant automaker in the world’s largest auto market, released its sales numbers yesterday. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering.

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Baua Electric

OCTOBER 30, 2024

It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. China’s “spare production capacity of 3 million EVs per year is twice the size of the EU market,” Reuters reports. FTC: We use income earning auto affiliate links.

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Baua Electric

JUNE 25, 2024

After revealing its new Condensed Battery at the Auto Show in Shanghai last April, we knew CATL was up to something big. Meanwhile, CATL continues dominating the EV battery market this year. According to South Korean research firm SNE Research, CATL accounted for over 37% of the market through the first four months of 2024.

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Green Car Congress

APRIL 19, 2021

The new Mercedes-Benz EQB is making its debut at Auto Shanghai 2021 this week. The market launch in China is scheduled for this year. After Europe, the international version of the EQB, produced in Kecskemét, Hungary, will be launched at the end of the year, followed by the US market launch in 2022.

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Baua Electric

JANUARY 17, 2024

BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. And BYD is looking to make some serious moves in Europe, and now that it will be building EVs in Hungary in the next couple of years. FTC: We use income earning auto affiliate links.

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Baua Electric

MAY 16, 2024

But the exact cadence of the ramp-up will be determined by market trends, Zipse added. 2024 Rolls-Royce Spectre BMW will lead its next-generation EVs closer to the mass market with the Neue Klasse models, set to be made for the U.S. “We will stay flexible—even well into the 2030s.”

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Baua Electric

JULY 10, 2024

Bloomberg) Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Other sizeable markets include Brazil and Mexico in Latin America, the United Arab Emirates and Saudi Arabia in the Mideast and Belgium and the UK in Europe.

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Baua Electric

OCTOBER 18, 2024

The Seal is also a key model in BYD’s expansion into Europe , including Germany, as it erects a localized production facility in Hungary. We first heard about the GT version of the Seal from BYD during the Beijing Auto Show last April. FTC: We use income earning auto affiliate links.

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Teslarati

MARCH 20, 2022

Stellantis and SDI entered into a multi-billion-dollar joint venture (JV) in October 2021 to produce lithium-ion batteries for the North American market. because many auto companies have been offering us partnerships,” Choi stated. . Currently, the company operates battery manufacturing plants in Korea, Hungary, China, and Malaysia.

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Baua Electric

AUGUST 23, 2024

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. After launching in key markets like Mexico, Brazil, Japan, Europe, Thailand, and other Southeast Asian countries, BYD is already a leading EV brand. BYD’s growing global presence is symbolic of the auto industry’s shift to electric.

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Baua Electric

JANUARY 19, 2024

So Europeans can get an up-close look at the SUVs, the company plans to showcase them at the Geneva auto show in February. Last December, the automaker said it would build a factory in Hungary for the European market, with an initial capacity of 200,000 units a year. FTC: We use income earning auto affiliate links.

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Teslarati

MARCH 31, 2024

During its announcement, BYD highlighted that it is focused on the Thai auto market. The company is also constructing car factories in Hungary and Brazil. Once complete, the Thai EV factory is expected to have an annual production capacity of 150,000 vehicles. million units.

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Baua Electric

NOVEMBER 4, 2024

The company opened its first manufacturing plant in Thailand this summer, with several more planned in Hungary, Turkey, Brazil, and Mexico. With aggressive price cuts and new lower-priced models, BYD has declared a “liberation battle” as it aims to continue taking market share from ICE vehicles.

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Baua Electric

MARCH 29, 2024

Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3. It will rival Tesla’s entry-level $25,000 EV.

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Baua Electric

JANUARY 3, 2024

In the Chinese market, BYD retained its position as the best-selling car brand and manufacturer. In 2023, BYD expanded its international market presence, with exports growing by 334.2% Yangwan and Fangchenbao, both launched in 2023 and initiated deliveries in November, received strong market responses.

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Baua Electric

MAY 26, 2023

Nvidia’s first made inroads with its high-performance chips within the auto trade, and it now supplies a territory of tool, information middle and now artificial-intelligence merchandise throughout sectors. The post Nvidia hold surge drives marketplace price akin $1 trillion appeared first on Bauaelectric Auto News. Microsoft Corp.

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Baua Electric

MARCH 4, 2024

The Atto-3 SUV / Source: BYD Europe After recently reducing prices of its refreshed Han and Tang models , Build Your Dreams (BYD) just launched a new version of its top-selling EV Yuan Plus – known as the Atto 3 in overseas markets – to $16,644 in China, making it one of the lowest-priced EVs out there. Get started here.

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Baua Electric

JULY 6, 2024

Also Read : Geely plans to introduce Zeekr EV brand in Korea by early 2026 There’s also a domestic market to serve, with EVs accounting for 7.5 Its first car factory for Europe, in Hungary, is under construction. per cent charge on top of the existing 10 per cent rate.

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