Chinese automaker BYD to make EVs in Vietnam | CNN Business

, according to a Vietnamese government statement citing the company’s chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a plant in Vietnam to produce car parts, with the aim to export components to an assembly plant planned in neighboring Thailand.

BYD, which currently runs a factory to assemble electronic devices and parts in the northern Vietnamese province of Phu Tho, also proposed forming a local supply chain, according to the government statement released on Friday. The presence of BYD would pose a direct challenge to VinFast, a Vietnamese EV maker that began selling cars in 2019 and plans to expand in the United States and Europe.

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Analysis: Battle for China's electric SUV market heats up at home and abroadChina is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD , .
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

Battle for China's electric SUV market heats up at home and abroadChina is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD , .
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

China's Hozon to produce EVs in Thailand for Southeast Asian marketChina's Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region's major auto production hub.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »