BYD Build Your Dreams, China's rising EV giant

According to the article below, BYD is planning a third factory in Europe and considers Spain the top option.

The country attracts with favorable production costs and clean energy, but a final decision has not yet been made. On the other hand, BYD aims for all cars sold in Europe to be manufactured locally within a couple of years.

https://www.investing.com/news/stock-market-news/byd-sees-spain-as-frontrunner-for-third-european-plant-reuters-4284713

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BYD had a weak quarter: Yahoo ist Teil der Yahoo-Markenfamilie.

Sales volume doesn’t necessarily tell the whole truth:


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BYD aikoo myydä ensi vuonna jopa 1,6 miljoonaa sähköautoa ulkomailla, eli tuplaten nykyisen määrän.

Kasvua odotetaan uusista malleista erityisesti Euroopassa ja Amerikassa.

BYD ⁠has built at least eight mega factories across China in the past five years. The company has been building overseas factories for local assembly in ⁠countries including Hungary and Brazil and is planning a third plant for Europe with Spain as the ‌top candidate, Reuters has reported previously.

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BYD plans to double its number of sales outlets in Europe by the end of next year, and this year the company aims to reach a thousand locations.

BYD truly intends to strengthen its position in the European market through an aggressive growth strategy.

https://www.investing.com/news/stock-market-news/byd-plans-to-double-european-sales-network-to-2000-locations-93CH-4362356

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The 36-second video below shows how Chinese car manufacturers’ export activities have significantly accelerated in recent years.

https://x.com/StockMKTNewz/status/1994822410571583678
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Those without X can see the video here:
https://twitter-thread.com/t/1994822410571583678

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BYD has arrived strongly here, and a few other brands too, maybe more entrepreneurs are coming :open_mouth:

https://x.com/MichaelAArouet/status/1995398282345054487


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