Chinese Hungary Low Cost 
Baua Electric
FEBRUARY 3, 2025
Like most Chinese automakers, BYD reports NEV sales, including battery electric (EV) and plug-in hybrid (PHEV) vehicles. Its low-cost Seagull EV, starting at under $10,000 in China, was the second-best seller, with 41,212 sold last month. Electreks Take Like the US and most countries, Chinas auto market is seasonal.
Baua Electric
NOVEMBER 21, 2024
With China’s auto market becoming flooded with low-cost competitors, BYD is looking to key overseas markets to drive growth. We may be aware that BYD is a giant Chinese company specialising in EV production, comparable to Tesla, the largest EV manufacturer in the United States,” Mr Hun Manet said at the event.
Baua Electric
APRIL 11, 2024
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.
Baua Electric
NOVEMBER 20, 2024
After dominating its home market, BYD and other Chinese EV makers are looking overseas to drive growth. The EV giant opened its first manufacturing plant in Thailand earlier this year, and more are planned for Hungary, Brazil, Mexico, Pakistan, and Turkey. Can Ford turn things around? Or will it be too little too late?
Baua Electric
MARCH 29, 2024
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. Ford’s CEO Jim Farley called the low-cost EV “pretty damn good,” warning the competition of incoming Chinese electric cars.
Baua Electric
MARCH 28, 2024
BYD can offer low-cost EVs, like the new Seagull , starting under $10,000 (69,800 yuan) and still make a profit. Its next-gen DM-i system will enable an even more range at a lower cost. The 30% offers room for Chinese brands to grow. For example, BYD is building a plant in Hungary that will “be Europe, for Europe.”
Baua Electric
JANUARY 20, 2025
For example, Japans Honda and Nissan are now teaming up as they struggle to keep pace with BYD and other Chinese EV makers. BYD is quickly expanding the brand globally with new plants opening in Mexico, Brazil, Hungary, Turkey, and Pakistan. Japanese car brands like Toyota and Honda have historically dominated Southeast Asia.
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