Teslarati

SEPTEMBER 15, 2023

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Our companies are mainly generating their profits abroad, helping to keep jobs in Germany.

BYD 118

BYD South Carolina Tesla Germany 118

Baua Electric

JANUARY 10, 2024

Volkswagen’s CFO Arno Antlitz said Europe’s largest automaker has “all the ingredients” for success as the US auto industry shifts to electric. The company will build vehicles at its $2 billion facility in South Carolina. The company also fell behind Tesla in US market share for the first time last year.

South Carolina 52

South Carolina Jeep Europe SUV 52

Baua Electric

MAY 14, 2024

Both companies are owned by Geely, but still headquartered in Sweden, with manufacturing in various parts of the world depending on model. Production of Polestar 3 is set to begin in South Carolina in the summer diversifying our manufacturing footprint and supporting job creation and economic growth in the region.

Chinese 52

Chinese South Carolina Volvo Tax Credit 52