BYD want to start mass production of EVs in Europe by 2025.
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Category: eMobility
First Tesla Model Y with BYD Blade battery rolled off the production line in Germany. Its performance is surprising
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BYD evaluating feasibility of building passenger car plant in Europe
BYD said it is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location. | BYDDY.US | BYD HK
(Image credit: CnEVPost)
BYD (OTCMKTS: BYDDY) said it is evaluating the feasibility of building a passenger car plant in Europe after a report earlier today generated widespread discussion.
The Chinese new energy vehicle (NEV) giant wants to build a plant in Europe, and France is among the countries it's considering, with Spain and Germany also in the running, according to a report in French media outlet Les Echos today.
"Discussions with BYD are continuing," the report said, citing an unnamed French minister.
BYD is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location, the company said in a response shared with CnEVPost.
This is not the first time BYD has been reported to be looking to build a passenger car plant in Europe, as the NEV giant ramps up its efforts to expand in international markets.
Last December 7, Bloomberg cited BYD executive vice president Stella Li as saying that BYD was looking to build a passenger car plant in Europe.
"Yes, and maybe not only one, it can be two," Li said at the time, adding that the company was evaluating the best locations to support BYD's fast ramp-up.
In a March 12 interview with the Financial Times, BYD European president Michael Shu said the company was looking at both new sites and existing plants, with the first European plant likely to be located in Germany, France, Spain, Poland and Hungary.
A decision is likely this year, with the aim of producing its first vehicles as early as 2025, according to the report.
BYD established its first overseas branch in the Netherlands in 1998 to expand into the European market.
Its European branch has expanded its business from batteries to solar energy, energy storage and NEVs, with an operational footprint of more than 20 countries and 100 cities across Europe, according to information shared by the company at the end of September last year.
Notably, BYD had not previously promoted its passenger car business hard in Europe until September 28 last year, when it introduced three battery electric vehicles (BEVs) -- the Atto 3, Han, and Tang -- to the European market at an online launch event.
In April this year, BYD held a launch event in Barcelona, Spain, announcing that Dolphin and Seal will enter the European market in 2023.
The Dolphin will be available for pre-sale this summer, with deliveries in the fourth quarter, and the Seal will be available in Europe shortly thereafter, BYD said at the time.
The two models will be BYD's new batch of all-electric models in Europe, following the launch of the Han, Tang and ATTO 3 in Europe last year, and are the first BYD Ocean series models to be launched for the European market.
BYD sold 210,295 NEVs in April, up 98.31 percent year-on-year and up 1.55 percent from March.
In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.
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Wuling cuts prices on its mini EVs by up to $1,850
Wuling said the move is in response to China's call to boost consumption of NEVs in rural areas.
(Image credit: SAIC-GM-Wuling)
SAIC-GM-Wuling is cutting the prices of several of its mini electric vehicles (EVs), after taking a page out of NIO's (NYSE: NIO) book 10 days ago to make these budget EVs more affordable.
The company today announced a price cut of up to 13,000 yuan ($1,850) for models in its Hongguang Mini EV family, saying the move is in response to China's call to boost consumption of NEVs in rural areas.
Last week, China released a policy to support NEV consumption in rural areas, which mentioned that automakers are encouraged to develop more economical models that target the characteristics of consumers in rural areas.
A table released by SAIC-GM-Wuling shows that an Air EV, originally priced at RMB 82,800, saw a price drop of RMB 13,000, or 15.70 percent, to RMB 69,800, the largest price cut for its Mini EV family.
The other three Air EVs have all seen their prices cut by RMB 10,000, with the latest prices at RMB 66,800, 65,800 and 57,800 respectively.
SAIC-GM-Wuling's better-known Mini EV series has four models all reduced in price by RMB 6,000, with the latest prices at RMB 63,800, RMB 61,800, RMB 51,800, and RMB 49,800 respectively.
SAIC-GM-Wuling is a joint venture between SAIC Group, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou, Guangxi Zhuang Autonomous Region in southwestern China.
It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs and vans.
The Air EV will be officially launched in China on December 12, 2022, with a price range of RMB 67,800-82,800.
The model is SAIC-GM-Wuling's first global model, which was first launched in Indonesia in August last year.
Prior to the price cut, SAIC-GM-Wuling took a page from NIO's book and allowed consumers to purchase the Hongguang Mini EV with a body only and lease the battery, although the model does not support simple battery replacement like NIO models.
The automaker offers this purchase option for five versions of the Hongguang Mini EV, with the lowest-priced version costing consumers an initial payment of just RMB 19,800 and a monthly battery lease of RMB 198 for the next five years.
Under the regular purchase option, this version of the Hongguang Mini EV is priced at RMB 32,800.
($1 = RMB 7.0218)
SAIC-GM-Wuling takes page from NIO's book to make its Mini EV even more affordable
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Wuling slashed Air EV prices down by up to 1,850 USD. Starting at 8,230 USD
Wuling slashed Mini EV series prices in China. It looks like a desperate move from Wuling to keep market positions.
The post Wuling slashed Air EV prices down by up to 1,850 USD. Starting at 8,230 USD appeared first on CarNewsChina.com.
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