Baua Electric

JUNE 12, 2024

How will the new EU tariffs impact Chinese EV makers like BYD and NIO? The EU launched an investigation into Chinese EV subsidies in October as imports climbed. And their price is kept artificially low by huge state subsidies,” the EU Commission leader added. Why is the EU imposing new duties on China EV imports?

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Baua Electric

JULY 30, 2024

The new filings come as Canada weighs possible tariffs on Chinese EV imports. BYD is already making its presence known in the North American EV market with a growing presence in Mexico. The Chinese EV maker delivered its first batch of 100 Yuan Plus models in Mexico last June. With fuel consumption of 7.5

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Baua Electric

APRIL 1, 2024

However, Mach-E sales were down 20% through the first half of 2023 as Ford retooled its plant in Mexico, where the vehicle is assembled. CEO Jim Farley said the automaker is developing a low-cost EV platform to keep up with Tesla and low-cost Chinese automakers.

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Baua Electric

JANUARY 22, 2024

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.

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Baua Electric

JULY 16, 2024

A year and a half later, the Chinese automaker is already making a big statement as it cuts into Japan’s hard-to-crack auto market. The Seal is BYD’s answer to the Tesla Model 3, while the Atto 3 is a low-cost electric SUV. The automaker is launching new EVs in South Korea, Mexico, Europe, Thailand, Brazil, and many others.

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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.

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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.

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Baua Electric

AUGUST 1, 2024

The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share. BTD is quickly expanding into other key overseas markets like Thailand, Indonesia, Australia, Brazil, and Mexico, which are vital to Japanese exports.

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Baua Electric

MARCH 4, 2024

However, Mach-E sales were down 20% through the first half of 2023 as Ford retooled its Cuatitlan, Mexico plant, where the EV is assembled. Farley said Ford developed a “super talented skunk works team to create a low-cost EV platform.” The move comes as Ford looks to take on low-cost Chinese automakers and Tesla.

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Baua Electric

JUNE 18, 2024

The Chinese automaker plans to launch its Tesla Model 3-rivaling Seal EV in Korea for under $25,000. BYD SEAL (Source: BYD) BYD to launch low-cost Seal EV to rival Hyundai BYD initiated the sales processing in South Korea, which takes about two to three months to review factors like driving range on a single charge.

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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?

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Baua Electric

OCTOBER 31, 2024

On the company’s earnings call, Farley said its new mid-size electric pickup , due out in the second half of 2027, will “match the cost structure of Chinese OEMS building in Mexico.” Ford will begin producing LFP batteries in Michigan in 2026, which should help the company cut costs.

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Baua Electric

MARCH 20, 2024

The race for lower-cost electric cars Automakers are rushing to introduce new low-cost EVs. According to a new Bloomberg Businessweek report, Ford plans to launch a new low-cost EV platform. For the Long Range model, prices start at $47,740, with up to 341 miles range.

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Baua Electric

JUNE 21, 2024

BYD is closing in on a deal for an EV plant in Mexico, which is expected to be among the biggest in the region. Chinese vehicles accounted for 40% of the total, as imports surged 450% from Q1 2023. Zou explained that Mexico is a key market with great potential. YOY in the first three months of 2024.

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Baua Electric

AUGUST 28, 2024

BYD Seal test drive in Mexico (Source: BYD) Low-cost EVs, overseas expansion fueling growth BYD’s auto (and related) sales accounted for 76% of revenue, generating RMB 228.3 It’s also planning to open facilities in Mexico, Hungary, Brazil, Turkey, and Pakistan. BYD reported first half 2024 revenue of RMB 301.1

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Green Car Congress

JULY 17, 2015

Already Porsche, Mercedes and other high-end automotive manufacturers are making such PHEVs because of the availability of low-cost electricity from wind and solar and the availability of government incentives which make them competitively priced in the beginning. The convenience and low cost of this concept alone merit attention.

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Baua Electric

SEPTEMBER 18, 2024

It’s roughly the same in Mexico at 358,800 pesos, or around $19,000. Even Ford’s CEO Jim Farley called the Seagull a “pretty damn good” car, warning rivals of BYD’s low-cost EV. However, that won’t stop the Chinese auto giant from taking market share in other markets like Mexico, Southeast Asia, Europe, and possibly Canada.

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Baua Electric

SEPTEMBER 26, 2024

Low-cost EVs from China are flooding global markets, causing the US, Canada, and the EU to tack on significant tariffs on imports. Chinese automakers like BYD are quickly gaining market share in other global markets, such as Thailand, Singapore, Turkey, Brazil, and Mexico. Ford’s wholesales reached 1.14

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Baua Electric

APRIL 25, 2024

US automakers are currently protected from Chinese competition by a 27.5% Chinese automakers are exporting quality EVs to Europe and elsewhere, at prices no Western automaker can hope to match. They’re also building auto plants in Mexico, and many believe that they hope to eventually export vehicles from these plants to the US.

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Baua Electric

OCTOBER 17, 2024

Mexico is aiming to develop its own EV manufacturing and supply chain At present, global automakers’ Mexico plants assemble EVs and other vehicles for the U.S. The push could be a preemptive move vs. Trump tariff policy Mexico is developing a small electric car to rival cheap imports from China and India. In her Oct.

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The Truth About Cars

FEBRUARY 14, 2024

China’s BYD is reportedly prepared to set up a new production facility in Mexico with the alleged plan to use the locale as an export hub for the United States. American brands love sending jobs to Mexico, as does every other company interested in moving high volume models through North and South America. Overall, 1.36

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The Truth About Cars

FEBRUARY 28, 2024

This week, Senator Josh Hawley (R-MO) is introducing legislation to increase tariffs on imported Chinese vehicles this week with the stated goal of dealing with the “existential threat posed by China.” percent to 100 percent, including vehicles owned by Chinese-based automakers that are assembled in places like Mexico.

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