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Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

Mercedes-Benz CEO Ola Kallenius has told the German media that the brand has no intention of cutting ties with China, saying such a move would be unwise for the whole of Germany industry.& and China, are so closely intertwined that decoupling from China makes no sense," he was quoted as saying in Bild am Sonntag.

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD’s general manager of its Asia-Pacific Sales Division said people were lining up to purchase the car after hitting its 10K sales goal in just 42 days. 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.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

In 2023, just under 60% of new electric car registrations were in the China, just under 25% in Europe, and 10% in the United States – corresponding to nearly 95% of global electric car sales combined. China exported over 1.2 million EVs in 2023 In China, the number of new electric car sales reached 8.1 China exported over 1.2