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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

It will ramp up for the first time at our future plant in Debrecen, Hungary, before being rolled out across our global production network in stages. The Chinese plant in Dadong also began producing the BMW iX3 this year. This architecture will be in use from the middle of the decade. —Milan Nedeljkovi?.

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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned.

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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

Green Car Congress

Just a few months later the German-Chinese production joint venture, Beijing Benz Automotive Co. EQA production will also follow next year (2021) at BBAC in Beijing for the Chinese market. Factory 56 embodies the future of production at Mercedes-Benz and sets new standards for automobile construction.

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering. Chinese automakers expect to have sold some 9.4 In 2023, the company sold 1.6 million vehicles. BYD tripled its profits to $1.5

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Car sales in China surge on back of exports, offsetting sales slump at home

Baua Electric

(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. million cars, while exports rose 29 per cent to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report.

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BYD slashes price on its best-selling SUV to $16K to compete with gas cars

Baua Electric

Last year, BYD sold 412,202 Yuan Plus EVs, with 100,020 of them exported, or 42% of its total car exports for that year, data from the China Association of Automobile Manufacturers states. That price puts the compact SUV at around the same price as ICE rivals including the Honda XR-V, the Buick Envision Plus, and the Volkswagen T-Cross.

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Highlights -rom-2024-Paris-Motor-Show

Baua Electric

Fiat, Opel, DS Automobiles and Jeep were absent, as the group concentrated on those brands with announcements to make. The only Chinese-majority-owned carmaker to have a prime location was Xpeng. Subject to provisional EU tariffs , the carmaker confirmed its Hungary plant would be operational by the end of 2025. EVO platform.

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