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BYD looks to further electrify Europe, selecting Hungary for its first EV production facility

Electrek

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.

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BYD Europe hires former Fiat Chrysler COO

Teslarati

BYD hired Alfredo Altavilla, a former Fiat Chrysler COO, to help with its expansion into Europe. Altavilla will be BYD’s special advisor for the European market. BYD has set ambitious goals for its global market expansion. BYD was one of the few automakers to receive an individual tariff rate from the Commission.

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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany. Hedin is a Swedish company that distributes other Chinese car brands across Germany, including BYD and XPeng. The Swedish car distributor previously managed BYD’s relationship with dealers across Germany.

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BYD inks preliminary land purchase in Hungary for plant that will build EVs for Europe

Baua Electric

Two months after announcing it had selected Hungary as the desired location of its first passenger EV production facility in Europe, Build Your Dreams (BYD) has completed a preliminary sales agreement for the Hungarian land those facilities should eventually sit atop. FTC: We use income earning auto affiliate links.

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BYD EV plant in Mexico under consideration

Teslarati

Tesla’s rival BYD is considering Mexico for its new electric vehicle (EV) plant. The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. BYD Mexico’s country manager, Zhou Zhou, told Nikkei Asia that Mexico is a key market with potential.

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BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

Despite aggressive discounts on its electric cars in China, BYD’s bottom line nearly doubled in the second quarter compared to Q1 2024. BYD credited the Q2 profit surge to rebounding vehicle sales, which reached a new record. BYD record vehicle sales lead to higher Q2 profits BYD announced net income reached RMB 9.06

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

Baua Electric

China’s leading automaker, BYD , is reportedly planning to build yet another EV factory overseas as it looks to take on new global markets. The facility will kick off BYD’s entry into Pakistan, the fifth-most populated country in the world. BYD opened its first EV plant in Thailand last month.