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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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Nio to open first overseas facility in Hungary

Electric Cars Report

Chinese premium electric vehicle manufacturer Nio has announced plans to open its first overseas facility in Budapest, Hungary, in September 2022. The opening is part of Nio’s strategy to increase its car sales across […] The post Nio to open first overseas facility in Hungary appeared first on Electric Cars Report.

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Here’s what to know about Europe’s new vote on Chinese tariffs

Baua Electric

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.

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

Baua Electric

Read more Car sales in China picked up in June thanks to increase in exports amid EU hiking tariff on electric vehicles made in the country. However, China continues to see drop in sales domestically. Sales in China dropped 7.4 per cent while domestic sales edged up 1.6 Chinese EV exports were down 2.3

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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

Hedin is a Swedish company that distributes other Chinese car brands across Germany, including BYD and XPeng. BYD will gain more control over its European sales through the Hedin purchase. It will take over sales activities in the German market and directly manage stores in Stuttgart and Frankfurt.

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In a power move, China’s BYD plans to build a factory in Europe

Electrek

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.

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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. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

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