This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The move to the new Audi China Building, opening nearly 10 years after its predecessor, is also a significant milestone in Audi’s more than three-decade long history in China. The new Audi China Building supports Audi’s efforts to establish additional research and production capacities in the country. —Audi CEO Markus Duesmann.
BYD, Chinese leading electric vehicle manufacturer, announced the next stage of its European strategy with the construction of a brand-new manufacturing and production centre in Szeged, Hungary.
Chinese battery manufacturer Contemporary Amperex Technology Co., Limited, or CATL, has announced a massive investment to build a new cell manufacturing plant in Europe. billion to build a 100 GWh battery plant in Hungary. CATL announced on Friday that it would invest €7.34 ” I’d love to hear from you!
The blue highlighted structures are the new project buildings. —Milan Nedeljković The BMW Group has had a presence in the Chinese market since 1994 and founded the BMW Brilliance Automotive joint venture in May 2003. Rendering of the future high-voltage battery assembly in Shenyang. BBA is investing RMB 10 billion (US$1.4
Climate-KIC CEO Mary Ritter and District Mayor Peng San of Tianjin City’s Hexi District formalized the agreement by signing a statement of intent in the Chinese capital’s Great Hall of the People, where the EU-China Summit was taking place.
Chinese-owned automaker BYD has announced plans to build a factory in Europe in hopes of bringing its affordable EVs to the masses there. As the brand picks up steam in sales, it will break ground on its first European factory, with Hungary selected as the location.
This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer. In addition, they plan to build a mid-to-long term strategic cooperative relationship in the Chinese electric vehicle market. The MOU signing ceremony took place at Sunwoda Group’s headquarters in Shenzhen, China.
The new Mercedes-Benz compacts are produced in a network of the Mercedes-Benz plants in Rastatt, Germany, and Kecskemét, Hungary. It furthermore plans to build premium compact cars for the Chinese markets locally and close to the customers in the future. The company has received more than 40,000 A-Class orders to date.
Total lithium-ion capacity existing or being built has doubled since the beginning of 2021, following announcements of new plants by Chinese and South Korean battery producers, according to Benchmark’s Gigafactory Assessment. LG Energy Solutions said it would invest KRW 1.7 trillion (US$1.4 LG Energy Solutions said it would invest KRW 1.7
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. Ltd (BBAC), a joint venture between Daimler and its Chinese partner BAIC Group. Following the EQA 250 (combined electrical consumption: 15.7
Mercedes-Benz’ new compact car plant in China, housed at the company’s local production joint venture Beijing Benz Automotive Corporation (BBAC), has begun production with the German car maker’s first locally build compact car: the GLA. Built from scratch in less than 3 years and stretching at present across about 1.5
Building on the experience gained during the series production of electric vehicles at the location, the workforce is being prepared for the new models and further technological developments with comprehensive training programs. In 2016, more than 300,000 vehicles rolled off its production lines.
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. The work on the building has already been completed. In May 2019 production of the EQC (combined power consumption: 21.5
SAIC is currently evaluating whether to build a factory in Europe. MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday.
Chinese EV automaker Build Your Dreams (BYD) continues demonstrating why it should be a name on your radar. Weve told you the Chinese automaker was coming and doing so at a staggering rate. This stat is from one plant, not BYDs global annual production tally. FTC: We use income earning auto affiliate links.
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. However, that’s expected to change very soon.
Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. Chinese companies MG, BYD, and Chery have also been scouting sites in Mexico and talking to officials for better access to the North American market.
Chinese EV behemoth BYD may bring two off-road electric SUVs sold in China to Europe that could rival the Land Rover Defender, the Mercedes G-Class, and Ford Bronco. 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.
Let the “liberation battle” begin After declaring a “liberation battle” against gas-powered cars earlier this year, BYD, or Build Your Dreams, is putting pressure on overseas rivals. By building nearly all vehicle components, including batteries, in-house, BYD has a major advantage over rivals.
Prime Minister Hun Manet said on Wednesday that the Council for the Development of Cambodia (CDC) is in the final stage of negotiations with BYD to build a new electric vehicle facility in the region. “We The news comes after BYD launched its first electric pickup, the Shark PHEV (BYD Shark 6), in Cambodia last month.
Once up and running, BYD’s new plant in Thailand is expected to build 150,000 EVs a year. BYD Atto 3 production (Source: BYD) After beginning production at its Uzbekistan plant in January, BYD is building new facilities in Hungary and Brazil as it expands the brand overseas.
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.
BYDs first EV manufacturing plant in Thailand (Source: BYD) The move is part of Indonesias goal to build 600,000 EVs domestically by 2030. For example, Japans Honda and Nissan are now teaming up as they struggle to keep pace with BYD and other Chinese EV makers.
South Korea’s SK On plans to start mass producing lithium iron phosphate (LFP) batteries as early as 2026 to supply several automakers as it pushes to deliver a lower cost battery chemistry favoured by its Chinese rivals, a senior executive said. We have to compete with the Chinese LFPs. Maybe it’s not easy,” he said.
Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. The E6 will hit the Chinese market later this year. The first buyers will be fleet users, which will build central fast-charging facilities. EMAIL | PRINT | SHARE | RSS DIGG FACEBOOK DEL.ICIO.US
As Chinese EV automaker Build Your Dreams (BYD) closes in on current global sales leader Tesla, a massive factor in its strategy includes expansions in the EU. Less than two months after BYD shared plans to expand passenger EV production to Europe, we now know that journey will begin in Hungary.
Hedin is a Swedish company that distributes other Chinese car brands across Germany, including BYD and XPeng. The Chinese automaker predicts that its overseas market will account for 50% of its total global sales in the future. BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany.
The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years. Tesla plans to build its next gigafactory in Nuevo León, Mexico.
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. Its first car factory for Europe, in Hungary, is under construction. REUTERS) Turkey will soon unveil an agreement with BYD Co.
Chinese automakers are aiming to more than double their full-process manufacturing capacity outside of China, all in hopes of beating out import tariffs on Chinese-made vehicles and meeting demand for EVs, according to a report from Bloomberg. million vehicles in 2023 to more than 2.7 million by 2026. million vehicles as of 2023.
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. Chinese EV exports were down 2.3 Chinese makers are moving production overseas. However, China continues to see drop in sales domestically.
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
In June, the EU announced import tariffs on Chinese EVs ranging from 17.4% 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. BYD has established a factory in Hungary.
We EV pundits have been writing about the rise of the Chinese EV industry for years. In recent weeks, the mainstream press has picked up on the story—many articles describe the coming wave of Chinese exports in apocalyptic terms. A recent headline in the New York Times warned of a “wrecking ball” heading for Detroit.
As a result, both Europe and the US have recently imposed large tariffs on Chinese EVs, fearing that Chinese cars will undercut domestic industry with lower manufacturing costs. Chinese EVs are already quite popular in Europe, though very few sell in the US. FTC: We use income earning auto affiliate links.
BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. China last year overtook Japan as the world’s biggest car exporter – but most of those were ICE vehicles sold to Russia.
According to the Financial Times , BYD received unfair subsidies from China which were used in its electric car plant in Hungary. Subsidies from the Chinese government are the main reason the EU Commission decided to implement additional tariffs on exported electric vehicles made in China and sold in Europe.
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. The focus was very much on home-grown brands. BYD used the event to unveil the Sealion 07. EVO platform.
European OEM Stellantis has announced a new joint venture with the worlds largest battery manufacturer CATL, to build a large-scale lithium iron phosphate (LFP) battery plant at one of the formers existing production sites. Source: CATL Stellantis and CATL commit up to 4.1
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. Since the US and Canada apply 100% tariffs on EVs coming from China, Europe has been the most obvious choice for Chinese expansion.
Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. David Sokol is a student of management—he wrote a little book on the subject called “Pleased But Not Satisfied”—and he was impressed with Mr. Wang’s thoughtful and purposeful approach to building his company.
Germany and Hungary will increase their battery manufacturing capability to match Poland, as cell and component plants come online in coming years. European countries such as Czechia, Hungary and Poland, continue to have advantages in their ability to provide cleaner and more sustainable supply chains.
For example, with increasing evidence of genocidal Chinese government towards Uyghur residents, including forced labor camps, the lack of transparency regarding whether any Chinese EVs benefit from such labor prompts me to deduct 1 production point from China (out of ~25 it had earned). Globally ~14k Ioniq BEVs were sold.
20 February 2025 Read next What to expect from Hungarys automotive market in 2025 20 February 2025 Read next What was the best-selling EV in Europe in 2024? This will benefit the Neue Klasse vehicles, the first of which will enter series production later this year in Hungary.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content