Smart and Sustainable Electric Mobility
BYD has slowed down plans to start construction of an EV plant in Vietnam due to its strategy and a slowdown in the EV market, Reuters reported.
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BYD's Dolphin and Seal U will be introduced to Greece next.
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BYD plans to hold a groundbreaking ceremony for a factory in Indonesia this July, a senior local official said.
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BYD has previously offered two BEVs, the Han and Atto 3, in the UAE, and the Song Plus and Qin Plus mark the first time it has offered PHEVs there.
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The cost of building a Mexican plant could be around $600 million, similar to what BYD paid for its Brazilian EV plant, Bloomberg said, citing a person familiar with the matter.
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BYD's Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase.
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Seagull is the latest in the Ocean range offered by BYD in Brazil and Mexico, following the Seal and Dolphin.
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BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.
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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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BYD is considering setting up an EV plant in Mexico as it seeks to establish an export hub to the US, Nikkei reported.
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