Chinese electric vehicle (EV) maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, three people with knowledge of the plan told Reuters, in a move that would reduce the company's reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion. The investment in northern Vietnam would exceed $250 million, one of the people said, expanding parent BYD Co's presence in Vietnam, where its electronic unit produces solar panels. The move underscores a wider trend by manufacturers to reduce their exposure to China amid trade tensions with the United States and production disruptions caused by Beijing's previous COVID-19 lockdowns.
Battery (76) BYD (325) Car Buying (85) charging (192) Charging infrastructure (127) Charging Stations (127) China (1679) Coupe (86) Crossover (286) Deliveries (141) Design Efficiency (99) Earnings/Financials (81) Electric (9169) Electric cars (983) eMobility (8292) eV (8234) EV Data (110) Ford (121) Future Vehicles (189) Geely (72) Government/Legal (243) Green (1025) Hatchback (79) Hybrid (152) Industry News (139) Li Auto (104) Luxury (241) Monthly Data (110) Nio (404) Off-Road Vehicles (98) Performance (218) Plants/Manufacturing (151) Report (263) RVs (116) RVs/Campers (122) Safety (101) Sedan (161) SUV (312) Technology (173) Tesla (336) Toyota (81) Truck (137) Video (73) Volkswagen (90) XPeng (130)
- NIO Q1 earnings: Deutsche Bank’s first look
- Porsche Mission X previews electric sports cars, 900V charging
- Leaked document shows significant early issues with Tesla Cybertruck
- 2023 Toyota Sienna Long-Term Update: How to play a PlayStation in the back seat
- Tern Presents The 2023 HSD Cargo Commuter E-Bike