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BYD poised to build $1 billion EV plant in Turkey amid rising trade tensions

Baua Electric

By: Bloomberg | Updated on: 07 Jul 2024, 08:12 AM Turkey is set to unveil an agreemeent with BYD Co. to build a one billion dollar plant that will improve the Chinese EV maker's access to the European bloc amid rising trade tensions --> Turkey is set to unveil an agreemeent with BYD Co.

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Ford to reopen Chennai plant for EV exports to spearhead its global comeback

Baua Electric

A source familiar with the matter said Ford’s focus this time will be on manufacturing EVs for export. Ford Mustang Mach-E (Source: Ford) Ford Motor India said it preferred not to comment on the speculation and that “further information about the type of manufacturing” would be revealed shortly. Ford’s wholesales reached 1.14

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Fiat Group and Guangzhou Automobile Group Creating JV for Chinese Market

Green Car Congress

(GAC Group) signed a Framework Agreement to establish a 50/50 joint venture for the production of cars and engines for the Chinese market. The models produced will be equipped with the latest in engine and transmission technology in response to the Chinese government’s requirement to develop fuel-efficient, low-emission vehicles.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

There was a $1-billion initial public offering by NIO, a $585-million Series C venture capital round by Guangzhou Xiaopeng Motors and a $294-million pre-IPO round by Zhejiang Dianka Automobile. We’re seeing more companies raising funds as they look to make the jump from concept cars to high-volume manufacturing. Turkey at $1.2

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

Baua Electric

Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. The Chinese automaker is already a leading EV brand in these countries as it expands into new markets. It’s also planning to build factories in Hungary, Brazil, and Turkey.

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Eight new EV brands you’ve never hears of – and they don’t come from China

EV Central

Ceer Motors It might seem weird that a petrol-chemical kingdom like Saudi Arabia would want to get into EV manufacturing but that’s exactly what is happening with Ceer Motors. The project is receiving Chinese support and the first model to be announced is the Moskvitch 3, which appears to be a close relation of the JAC S4.

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Aurus Senat limo that Putin gifted to Kim uses South Korean parts, data shows

Baua Electric

Parts were also imported from China, India, Turkey, Italy and other EU countries. Aurus Motors and its CEO Andrey Pankov did not respond to Reuters’ requests for comment on the use of foreign parts, including from South Korea, in its vehicles. million imported from South Korea.

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