Remove Auto Remove Hungary Remove Industrial Remove Low Cost
article thumbnail

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

Baua Electric

BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3. According to the Federation of Thai Industries , ICE car production fell 95% year over year in January, while EV production skyrocketed 9,214%.

article thumbnail

China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

But now China has said it will “rein in” some of its huge EV expansive in response to criticism of “unfair” industrial and trade policies. There are also some disorderly competition behaviors,” Xin Guobin, vice-minister of industry and information technology, told the Financial Times. FTC: We use income earning auto affiliate links.

China 52
article thumbnail

BYD says EVs have entered the ‘knockout round’ with next-gen tech rolling out

Baua Electric

BYD can offer low-cost EVs, like the new Seagull , starting under $10,000 (69,800 yuan) and still make a profit. Its next-gen DM-i system will enable an even more range at a lower cost. For example, BYD is building a plant in Hungary that will “be Europe, for Europe.” FTC: We use income earning auto affiliate links.

BYD 52
article thumbnail

China’s Chery to set up shop in Europe

Baua Electric

It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China. Get started here.

Chery 52
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

The car came straight to Omaha from the Detroit auto show. BYDs breakthrough all-electric E6, photographed at this years Detroit auto show. tech industry during the 1990s. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. "Too many new roads."

BYD 62