BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.
The post BYD looking for Mexican plant site appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Category: BYD Plant
BYD mulls EV plant in Mexico
BYD is considering setting up an EV plant in Mexico as it seeks to establish an export hub to the US, Nikkei reported.
The post BYD mulls EV plant in Mexico appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD signs preliminary land purchase deal for its NEV plant in Hungary
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years.
The post BYD signs preliminary land purchase deal for its NEV plant in Hungary appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD may be using products from humanoid robot maker UBTech in its production lines, report says
Shenzhen-based UBTech, a maker of humanoid robots and smart service robots, made its debut on the Hong Kong stock market today with a market capitalization of HK$38 billion.
The post BYD may be using products from humanoid robot maker UBTech in its production lines, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD confirms it will build passenger NEV plant in Hungary
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.
The post BYD confirms it will build passenger NEV plant in Hungary appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD to announce EV plant in Hungary soon, report says
BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times.
The post BYD to announce EV plant in Hungary soon, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD sees 200,000th Seagull compact EV roll off line
The Seagull, the least expensive model under the BYD umbrella, sold 43,350 units in October, making it the second-highest selling BYD model.
The post BYD sees 200,000th Seagull compact EV roll off line appeared first on CnEVPost.
For more articles, please visit CnEVPost.
India rejects BYD’s $1 billion plant proposal, report says
Indian officials raised security concerns about Chinese investment in India during deliberations, according to a report in the local Economic Times.
The post India rejects BYD's $1 billion plant proposal, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD moving forward with battery plant in Hungary, working on local hiring, report says
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.
The post BYD moving forward with battery plant in Hungary, working on local hiring, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD’s new plant in central Chinese city Zhengzhou goes into operation
Currently in production is the first phase of BYD's Zhengzhou base, with a planned annual capacity of 400,000 vehicles. | BYDDY.US | BYD HK
BYD (OTCMKTS: BYDDY) has officially started production at a new vehicle production site that begins contributing to the capacity of China's largest maker of new energy vehicles (NEVs).
The production site, located in Zhengzhou, Henan province in central China, saw its first production vehicle roll off the line on April 6, according to a report by a local TV station.
The project was signed in September 2021 and took 17 months to complete construction and go into production.
Currently in production is the first phase of the Zhengzhou base, which covers an area of 4,101 mu (2.7 square kilometers) and has a planned annual production capacity of 400,000 vehicles.
The production base will have phase II and phase III projects, and the total production capacity will exceed 1 million units after completion.
The first mass-produced vehicle to roll off the line from BYD's Zhengzhou base is a Song Pro DM-i, which has a guide price range of RMB 140,800 ($20,480) - 165,800 yuan.
Officials from the Henan provincial government, as well as BYD chairman and president Wang Chuanfu, attended the ceremony to mark the start of production at the facility.
The production base is expected to help BYD achieve its goal of selling at least 3 million vehicles this year. Wang has apologized several times over the past two years for the long wait times for BYD vehicles due to a lack of capacity.
BYD aims to sell at least 3 million vehicles this year and will strive to reach 3.6 million, Wang said at an investor conference on March 29.
For the 3.6 million sales target BYD is aiming to reach, 2.8 million in China and 800,000 overseas, Yicai said in a March 30 report citing an insider at the company.
BYD sold 1,868,543 vehicles in 2022, including 1,863,494 NEVs. The company stopped production and sales of vehicles powered entirely by internal combustion engines in March 2022.
If it can reach 3.6 million vehicles in global sales, BYD is expected to be among the top 10 car companies in global auto sales this year.
BYD aims to become China's No. 1 automaker by the end of this year, Wang said at the investor conference.
BYD sold 207,080 NEVs in March, up 97.45 percent from 104,878 units a year earlier and up 6.93 percent from 193,655 units in February, according to data released by the company earlier this month.
In the first quarter, BYD's NEV sales were 552,076 units, up 92.81 percent from 286,329 units in the same period last year, but down 19.22 percent from 683,440 units in the fourth quarter last year.
($1 = RMB 6.8752)
The post BYD's new plant in central Chinese city Zhengzhou goes into operation appeared first on CnEVPost.
For more articles, please visit CnEVPost.
