BYD's Dolphin and Seal U will be introduced to Greece next.
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BYD's Dolphin and Seal U will be introduced to Greece next.
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BYD presented the Seal U DM-i at the Geneva auto show and plans to launch the model in Europe in the second quarter.
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YangWang is going overseas. Hopefully with different name.
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BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years.
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BYD will build an NEV production facility in the Hungarian city of Szeged, which will be constructed in phases and is expected to create thousands of local jobs.
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BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times.
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The Dolphin and Seal will be available immediately at BYD stores, while the Atto 3, Han, and Tang have previously been available to Finnish customers.
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BYD presented the Seal, Song Plus EV, Atto 3, Dolphin, Han, Denza D9 at the Munich auto show and made the Seal officially available locally.
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If BYD sets up a power battery assembly plant in Hungary, it will give a boost to supplies to Tesla's Berlin factory, local media said.
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BYD held a brand and product launch event in Italy, introducing the BYD Atto 3, Han, Dolphin and Seal to local consumers.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has officially entered the Italian passenger car market, as it expands its presence in Europe.
The Chinese new energy vehicle (NEV) giant held a brand and product launch event in Italy on June 13, introducing the BYD Atto 3, Han, Dolphin and Seal to local consumers, according to a press release today.
Italy is an important European automotive market and holds a significant position in BYD's efforts to enter overseas markets, BYD said, adding that it introduced new energy commercial vehicles to Italy in 2013.
In the passenger car segment, BYD will work with a number of core local dealers, with the first five stores opening in cities including Milan, Turin and Florence, it said.
The Atto 3, BYD's first global model, is known in China as the Yuan Plus and is already available in multiple overseas markets.
At the Monza Motor Show in Milan, to be held in mid-June, the Atto 3 will be open to the Italian public for test drives, BYD said.
In the future, BYD will continue to increase its localization investment in the Italian market and expand its passenger car model matrix, the company said.
BYD, China's largest NEV maker, stopped production and sales of vehicles powered entirely by internal combustion engines last March to focus on plug-in hybrids and pure electric vehicles.
The company sold 240,220 NEVs in May, up 108.99 percent from 114,943 units a year earlier and up 14.23 percent from 210,295 units in April, according to figures it announced earlier this month.
In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.
In Europe, BYD entered the passenger car markets including Germany, Sweden and Denmark last year and came into the UK in March this year.
BYD officially names F brand Fang Cheng Bao, initial model to be launched this year
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