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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

Hungary is anticipating 3 billion euros ($3.3 billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned.

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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

—Milan Nedeljković The BMW Group has had a presence in the Chinese market since 1994 and founded the BMW Brilliance Automotive joint venture in May 2003. BBA currently produces seven model ranges, with fully-electric, plug-in hybrid and internal combustion engines. These batteries will be used in the models of the NEUE KLASSE.

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BYD EV plant in Mexico under consideration

Teslarati

The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. He added that overseas production is essential for an international brand. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years.

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BYD sells over 3 million NEVs in 2023, electric car sales close gap to Tesla | Autocar Professional

Baua Electric

Chinese automaker BYD has concluded 2023 with record-breaking sales, which surpasses the 3 million annual sales target and retains its position the global new energy vehicle (NEV) sales champion, for the second year in a row. In the Chinese market, BYD retained its position as the best-selling car brand and manufacturer.

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China’s Chery to set up shop in Europe

Baua Electric

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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Mercedes introducing EQB compact electric SUV in Shanghai

Green Car Congress

After Europe, the international version of the EQB, produced in Kecskemét, Hungary, will be launched at the end of the year, followed by the US market launch in 2022. Ltd (BBAC), a joint venture between Daimler and its Chinese partner BAIC Group. Following the EQA 250 (combined electrical consumption: 15.7

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China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

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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