article thumbnail

BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of.

article thumbnail

Hyundai seeks to restore market share in China with new EV brand

Teslarati

Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. This week, Beijing Hyundai Co.—a a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. Tesla China accounted for 22.5%

Hyundai 82
article thumbnail

Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Hyundai is set to launch a new EV brand as it looks to gain its share of the largest market globally. South Korea’s Hyundai wants its piece of the booming market. According to a new report from The Korean Economic Daily , Hyundai is partnering with China’s BAIC to launch a new EV brand. China is the undisputed EV market leader.

Hyundai 52
article thumbnail

Chinese language EV makers pin hopes on Europe’s auto sellers

Baua Electric

The a hit ones, like Toyota and Hyundai, handiest slowly crept upper within the ranks and not posed an actual blackmail to Volkswagen’s dominance. Tesla’s good fortune Now, the {industry}’s paradigm shift to EVs is developing unheard of alternative for newbies. “But it’s not impossible.”

Chinese 52
article thumbnail

Hyundai breaks ground for third plant in China; total China capacity of up to 1M units by 2012

Green Car Congress

Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., 28 in Shunyi District, Beijing. million units.

Hyundai 199
article thumbnail

GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition. Hyundai/Kia and the Chinese certainly aren’t waiting. Tesla stans may see Big Auto’s failure as cause for celebration.

GM 52
article thumbnail

At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. The transition to software-dominated cars is challenging.

Auto 52