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Comment on BYD signs preliminary land purchase deal for its NEV plant in Hungary by Hctr Lnds

CN EV Post

One factory in Brazil for the South American market, one factory in Thailand for the SEA market, one factory in Uzbekistan for the Central Asia/Russian market, and one factory in Hungary for the European market. That's smart.

Hungary 78
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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

Green Car Congress

Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide. billion by 2027 from $18.75

Li-ion 170
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BYD EV plant in Mexico under consideration

Teslarati

BYD Mexico’s country manager, Zhou Zhou, told Nikkei Asia that Mexico is a key market with potential. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years. He added that overseas production is essential for an international brand.

Mexico 116
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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD’s general manager of its Asia-Pacific Sales Division said people were lining up to purchase the car after hitting its 10K sales goal in just 42 days. BYD was Thailand’s best-selling EV maker last year.

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

Baua Electric

The strategy is to help get German EV shoppers closer to the brand, raise brand awareness, and build sales of its affordable EVs in Europe’s largest automobile market. But that is changing, he says, as the brand is investing heavily in marketing. It is also building plants in Brazil and Thailand.

BYD 52
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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.

China 52
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Refineries in the Americas produce a greater share of gasoline per barrel of crude oil than refineries in other world regions

Green Car Congress

In the Americas, gasoline accounted for just above 40% of the products refined from petroleum in 2019, while in Europe and Asia Oceania, gasoline was less than 20%. Conversely, in Europe, diesel accounted for 40% of the petroleum refined versus about 30% for the Americas and Asia Oceania. US DOE.