Sunday, 23 February 2025
FILE PHOTO: EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
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Forvia and BYD to bring Asian partnership to Europe

The two companies plan to operate together in BYD's new factory in Hungary.

FILE PHOTO: A Volkswagen ID. Buzz and a Volkswagen Beetle are seen during the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
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Volkswagen is reeling in China. Can EVs help it grow in the US?

The German automaker is planning 30 new electric or hybrid models in China in a bid to lift its market share to 15%. 

FILE PHOTO: FILE PHOTO: A staff member looks at Tesla's new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 2, 2023. REUTERS/Florence Lo/File Photo/File Photo
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Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

Tesla's Q2 margin likely to hit a more than five-year low, CEO Elon Musk is expected to double down on robotaxi plans and...

FILE PHOTO: Employees work on an electric vehicle (EV) production line during an organised media tour to a factory under Jiangling Group Electric Vehicle (JMEV), in Nanchang, Jiangxi province, China May 22, 2024. REUTERS/Kevin Krolicki/File Photo
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Chinese industry body tells EU to correct its findings on EVs

EU tariffs on EVs built in China breach global trading rules, according to an industry body representing 12 Chinese automakers.

FILE PHOTO: The BYD logo is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)News

BYD sets sights on aggressive expansion in Vietnam

BYD plans rapid expansion in Vietnam, opening 13 dealerships with aims for 100 by 2026, challenging local rival VinFast with higher-priced EV models.

FILE PHOTO: EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
Electric Vehicles (EVs)News

Global EV sales up 13% in June, down 7% in Europe, Rho Motion says

Global EV and PHEV sales rose by 13% in June, driven by China’s growth, while Europe saw a decline, according to Rho Motion's...

China's electric vehicle giant BYD will open a factory in Turkey (AFP)
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTradeTransport

China’s BYD to open electric car plant in Turkey

BYD Turkey factory plan puts Chinese EV maker in a country with beneficial access to the EU after the bloc hit industry with...

FILE PHOTO: The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. REUTERS/Chalinee Thirasupa/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

China’s BYD acquires 20% stake in Thai dealer Rever Automotive

The Shenzhen-based automaker has opened its first Southeast Asia factory in Thailand, and will have an annual capacity of 150,000 vehicles.

FILE PHOTO: A general view of BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
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BYD’s steep EV discounting in Thailand sparks backlash, PM seeks assurances

Thailand's consumer protection agency has initiated a probe into discounting by BYD dealers that left some buyers feeling they overpaid

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