article thumbnail

BYD and UzAuto to form NEV production JV in Uzbekistan

Green Car Congress

The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan. In addition to the 95% share in the domestic market, in 2020, UzAuto achieved the number one sales volume for two consecutive years with overseas production in Kazakhstan.

article thumbnail

Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

China accounted for 18 percent of revenues and 37 percent of car sales at Mercedes in 2022 and Kallenius predicted more to come. Our sales figures in China are increasing and I am quite optimistic that we will also grow this year. Well over 90 percent of sales are achieved with e-cars that cost less than 40,000 euros.