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BYD to build new $1.2B battery factory in China

Teslarati

FinDreams Technology, the battery subsidiary of BYD, has filed paperwork to establish a new battery production facility in Central China. Now, as the company looks to expand outside of Asia, it is doubling down on its Chinese production capabilities. battery factory in China appeared first on TESLARATI.

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BYD eyes lithium giant takeover as it expands its EV battery business

Baua Electric

China’s leader EV maker, BYD , has held “active” discussions with lithium producer Sigma Lithium as it looks to expand its battery business. The Chinese EV maker is now eyeing expanding its EV battery business. Sigma began shipping lithium from its Grota do Cirilo mine and processing plant in Brazil last year.

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Cheaper EVs are starting to show up in smaller global markets – Charged EVs

Baua Electric

Chinese automakers, which now have a range of lower-priced EVs to sell, are heavily targeting these markets. The company has launched the Dolphin Mini in Uruguay, Brazil and Mexico. BYD is not the only Chinese automaker targeting developing markets. kWh battery pack, and starts at around $22,500 in Mexico.

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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. It even outsources its batteries to Tesla, Toyota, Hyundai, Kia, Ford, and several others.

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BYD is now shipping its own EVs as first cargo ship heads to Europe

Baua Electric

1 is the first Chinese-made ship designed to carry domestic EVs overseas. First BYD ship sets sights on Europe to deliver EVs Marking a “new era” for Chinese vehicles, BYD’s first ship designed to carry EVs arrived at Yantai Port on January 9. 1 is the first vessel built by a Chinese shipyard designed for exporting domestic vehicles.

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Ford secures nickel supplies with $4.5 billion investment

Teslarati

Besides the massive retooling effort that has taken the auto industry by storm over the past two years, the search for raw materials for EV batteries has become a growing priority for automakers. Today, Ford has done just that by signing onto a $4.5 billion nickel processing facility, which will be constructed in Indonesia.

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