BYD and Forvia will build a new seat assembly plant in Thailand's Rayong province, following their joint establishment of seven factories in China.
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Indian officials raised security concerns about Chinese investment in India during deliberations, according to a report in the local Economic Times.
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The Tang EV is the fourth model BYD has unveiled in Ecuador after the Han EV, Yuan Plus and Dolphin.
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BYD launched the Dolphin in Chile, the Han EV, Tang EV and Atto 3 in Morocco and the Atto 3 in Brunei.
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BYD has submitted a $1 billion investment proposal to partner with a local company to produce EVs and batteries in India, according to Reuters.
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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.
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BYD has brought the Dolphin to the Australian, Brazilian and Singaporean markets in the past 10 days.
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BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) will invest hundreds of millions of dollars in Brazil to build an industrial complex as it steps up its efforts to expand in international markets.
The Chinese new energy vehicle (NEV) maker will set up a large production base complex of three plants in Brazil, BYD and the Brazilian state government of Bahia jointly announced on July 4, according to a statement.
The facility is located in the Brazilian city of Camacari, with a total investment of 3 billion reais ($620 million), according to a statement from BYD today.
The industrial complex includes a production plant for electric buses and truck chassis, a new energy passenger car production plant, and a processing plant specializing in lithium iron phosphate (LFP) battery materials.
The new energy passenger car production line will be able to produce pure electric and plug-in hybrid models with a planned annual capacity of 150,000 units.
The LFP battery material processing plant will utilize local port resources to meet the growing demand for new energy products in the global market, BYD said.
The industrial complex is scheduled to start production in the second half of 2024 and is expected to create more than 5,000 local jobs, according to the BYD statement.
The creation of a large production base complex in Brazil is an important milestone in BYD's development in the Americas market and will help accelerate the penetration of NEVs there, said BYD Americas president Stella Li.
In October 2022, BYD signed a letter of intent with the Bahia state government to build a vehicle production facility in the industrial area left behind by Ford after it closed its plant outside the city's capital, El Salvador.
The Bahia state government said at the time that BYD would build electric bus and truck chassis, as well as electric and hybrid cars, at three plants, and would also process Brazilian lithium for car battery exports to China.
"We have been in Brazil for almost 10 years. We have experienced many political changes in this period, in addition to exchange rate fluctuations, and inflation. But I think that in the long term, Brazil has its own advantages," Li said at the time.
BYD is now bringing its passenger cars to international markets, launching the Dolphin in Brazil on June 28, its fifth model in the country after the Tang EV, Han EV, Yuan Plus EV and Song Plus DM-i.
In addition to NEVs, BYD is already producing photovoltaic modules in Brazil.
On October 21, 2022, the company announced that BYD Energy Brazil's cumulative production of PV modules surpassed 2 million, after five years of local operations.
Last April, BYD opened a new PV module production line at its Campinas, Brazil, plant that is compatible with all sizes of PV cells currently on the market, allowing for increased productivity and efficiency.
($1 = 4.8412 reais)
BYD launches Dolphin in Brazil, enters South African EV market with Atto 3
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The partnership will cover 10 countries and Jamaican dealer ATL will start accepting pre-orders immediately, with deliveries to begin in October.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) entered into a partnership with Jamaican car dealer ATL Automotive on June 26 to jointly provide new energy passenger car products for the Caribbean markets.
ATL, which was founded in 1997 and has a dedicated workforce of up to 600 employees, has been the largest investor in Jamaica's automotive sector since 2010, according to a BYD press release today. The two held a signing ceremony in Jamaica's capital city of Kingston.
BYD and ATL will work together to provide passenger new energy vehicle (NEV) sales and after-sales services to consumers in the Caribbean, with operations in 10 countries.
ATL has been appointed as BYD's regional dealer for sales and after-sales operations in Jamaica. In addition, ATL will assume regional management responsibilities in nine additional countries, including Trinidad and Tobago, Cayman, Curaçao, Barbados, Aruba, Antigua, Saint Lucia, Guyana, and Suriname.
The two plan to open two BYD showrooms in Jamaica, in Kingston and Montego Bay, in order to provide local consumers with a one-stop experience of BYD technology and BYD products, according to the release.
"We will begin accepting pre-orders immediately, with car deliveries scheduled to commence in October. Then there will be a massive roll-out of showrooms across the Caribbean. The future is electric, and BYD will be Jamaica's and the Caribbean's number one EV brand," said Adam Stewart, executive chairman of ATL.
In the coming year, BYD will complete the construction of 10 stores with ATL, said Neva Zhang, country manager of the Caribbean and Central American Countries of BYD.
BYD's press release did not mention which models will first be available in the Caribbean.
This is the latest development for the Chinese NEV giant in the overseas passenger car market, where it launched the Dolphin model on June 22 with Australian partner EV Direct.
BYD sold 240,220 NEVs in May, up 108.99 percent from 114,943 units in the same month last year and up 14.23 percent from 210,295 units in April.
In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.
The company stopped production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.
BYD expands presence in Middle East with launch of Atto 3 in UAE
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BYD, together with local partner EV Direct, has launched the Dolphin in Australia with a starting price of A$38,890.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has launched another electric vehicle (EV) in Australia after the Atto 3.
BYD and Australian partner EV Direct officially launched the Dolphin locally at a launch event on June 22, according to a press release from the Chinese new energy vehicle (NEV) giant yesterday.
The car is available in 3 versions in Australia, with starting prices of A$38,890 ($26,000), A$44,890 and A$49,990 respectively.
For reference, BYD Dolphin is offered in three versions in China with starting prices of RMB 116,800 ($16,200), RMB 123,800 and RMB 136,800 respectively.
The BYD Dolphin is an A0-class pure electric vehicle with a length, width and height of 4,290 mm, 1,770 mm and 1,570 mm, respectively, and a wheelbase of 2,700 mm.
The model will enrich BYD's product matrix in the Australian market and help the country achieve a green future, BYD said.
BYD launched the Dolphin in China on August 29, 2021, the first product in its Ocean lineup and the first model based on its e-Platform 3.0.
BYD sold 240,220 NEVs in May, including 30,679 units of the Dolphin, according to figures released earlier this month.
The introduction of the Dolphin to Australia is BYD's latest move in the country.
BYD launched the Yuan Plus in China on February 19, 2022, and opened pre-orders for the model in Australia at the same time under the Atto 3 name, with an official guide price of A$44,990 to A$47,990 at the time.
In August 2022 BYD announced on Twitter that the company had shipped 1,000 Atto 3 vehicles to Australia, the first BYD passenger cars to be sent to the country.
The Atto 3, BYD's first global model, has already entered many other markets including Singapore, Europe, Mexico and the United Arab Emirates.
The Dolphin has also been introduced to a number of markets including Japan, Colombia, Europe, and Ecuador.
($1 = A$1.4954, $1 = RMB 7.2123)
BYD May sales breakdown: Qin 43,757 units, Song 38,014 units
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