Remove Chery Remove Chinese Remove Mexico Remove Personal
article thumbnail

China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe. Given the slow uptake of electric vehicles in Spain, Chery says it plans to make combustion engine, hybrid, and electric vehicles there.

Chery 52
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. Replacing 2/3Ws, public and shared mobility or more active forms of transport with personal cars may not be desirable in all cases. Chinese companies accounted for 75% of electric car sales in 2022, and 45% in 2023.

article thumbnail

BYD slashes price on its best-selling SUV to $16K to compete with gas cars

Baua Electric

However, Geely and BYD are making the biggest impact outside of China, too, with BYD pushing international growth with its plans to build an EV factory in Hungary and Mexico, and other automakers are looking to set up production in Europe as well. Get started here. FTC: We use income earning auto affiliate links.

BYD 52
article thumbnail

White House warns that Chinese EVs could collect your data and send it back to China

Baua Electric

The White House is also preparing a separate executive order to prevent foreign adversaries from gaining access to “highly sensitive” personal data. Chinese columnist Ruan Jiaqi, however, criticized the move, saying Raimondo statements defamed China’s EV makers, reports Hong Kong-based Asia Times.

Chinese 52