BYD Wants 5% EV Market Share In Europe Before Starting Local Production

BYD wants to establish itself across Europe, aiming to have a 5% share of the EV market by the time it begins building vehicles locally at its plant in Hungary. The Chinese carmaker has been selling its models in select European markets since 2021 and last year, it sold 15,644 vehicles across the continent.

” The automaker believes its plant in Hungary will play a significant role in its local expansion by providing faster deliveries and building more trust among consumers. “Our target is to become a European company and not a Chinese company doing business in Europe,” Shu said. “It will be Europe for Europe. We will only use our advanced technology from China when we start building here, but the work will be done in a local factory, using local labor and a localized supply chain.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Canon Aims to Achieve Overwhelming Market Share in Mirrorless Camera MarketCanon's 2024 corporate strategy includes the goal of becoming the number one player in the mirrorless camera market. The company plans to establish an absolute position in the market by expanding its EOS R system and targeting video-oriented customers. Canon already leads in interchangeable lens mirrorless sales in the United States, but aims for a more dominant position.
La source: petapixel - 🏆 527. / 51 Lire la suite »

How the Marshall Group Plans to Grow Its Share of the $100B Music Tech MarketThe Marshall amp maker plans to grow its music tech market share post-merger as the Marshall Group. Here's how, according to CEO Jeremy de Maillard.
La source: billboard - 🏆 112. / 63 Lire la suite »

Bitcoin Market Cap Records New ATH, Shiba Inu’s Double Digit Run Continues (Market Watch)Crypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »

Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up SteamNvidia's market cap has surpassed $2 trillion, outstripping the entire crypto market's valuation
La source: Utoday_en - 🏆 295. / 63 Lire la suite »

Crypto Market Cap Hits $2 Trillion as Bitcoin (BTC) Price Taps $52K (Market Watch)Crypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »

Bitcoin Market Cap Skyrockets to $1 Trillion After More Than 2 Years: Market WatchCrypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »