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

The Truth About Cars

Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 million units manufactured in 2022. Though it’s behind Tesla in global sales, BYD is king in China.

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BYD EV plant in Mexico under consideration

Teslarati

Tesla’s rival BYD is considering Mexico for its new electric vehicle (EV) plant. The Chinese automaker aims to expand its global presence and sees Mexico as an excellent place to reach its goals. BYD Mexico’s country manager, Zhou Zhou, told Nikkei Asia that Mexico is a key market with potential.

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Chinese maker BYD plans U.S. expansion into other electric industrial vehicles

Green Car Reports

It's been several years since Chinese electric-car maker BYD retreated from plans to sell cars in the United States, but now it may be ready to get more serious about the market. The company.

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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. others might.

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Report: Stellantis May Cut Loose Suppliers to Cope With EV Costs

The Truth About Cars

Numerous manufacturers have even floated this idea, which would exacerbate industry layoffs, as a perk. But the bottom line is that the industry likely won’t need as many hands if electric vehicles become dominant and was already planning to consolidate wherever possible.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

million electric vehicles sold in 2023, according to the Chinese Passenger Car Association, or 60% of the global total), it already had [a] market share of close to 4% in Europe in 2022. In 2023, around 35% of electric vehicles exported worldwide were Chinese. “As Buoyed by its huge domestic market (8.5

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Major automakers may be using Chinese aluminum produced with Uyghur forced labor, rights group says – ET Auto

Baua Electric

Volkswagen operates a plant in Xinjiang as part of a joint venture with Chinese state-owned carmaker SAIC Motor. The Chinese Foreign Ministry did not immediately answer questions about the report sent by fax by The Associated Press. The companies listed in the new report also include Chinese electrical vehicle giant BYD.

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