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In a power move, China’s BYD plans to build a factory in Europe

BYD EV Europe

Chinese-owned automaker BYD has announced plans to build a factory in Europe in hopes of bringing its affordable EVs to the masses there. As the brand picks up steam in sales, it will break ground on its first European factory, with Hungary selected as the location. Still, it has some challenges to face: a new investigation from the European Union and a lack of solid brand recognition to compete with Tesla and European automakers.

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BYD announces EV deals to finish year strong after record sales for a sixth consecutive month

BYD EV Sales

BYD is a name you’ll be hearing more and more as time goes on. The Chinese automotive powerhouse continues to gain momentum in Q4, with record-high EV sales for a sixth consecutive month. To ensure its sales stay hot, BYD is offering limited-time discounts on a slew of vehicles to finish the year as one of the world leaders in EVs. See the latest tallies below.

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BYD production snowballs as it celebrates rolling five millionth plug-in EV off the assembly line

BYD production

While some EV automaker’s are working to deliver EV numbers in the tens of thousands, China’s Build Your Dreams (BYD) is on an entirely different level. The automotive manufacturing conglomerate is celebrating five million new energy vehicles (NEVs) built – a feat in it of itself, but an even greater tell to just how quickly BYD’s production lines are expanding.

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BYD mulls dropping $1 billion EV joint venture in India following government scrutiny

BYD India

After submitting a proposal to the government in India alongside its local joint venture partner this past spring, Build Your Dreams (BYD) is reportedly shelving a $1 billion investment following opposition from the government in New Delhi over security concerns relating to such a large investment from a Chinese company.

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China Ministry retracts pricing pledge for local automakers, citing anti-monopoly law

China EV pricing

Mere days after gathering over a dozen automakers building EVs in China to commit to a non-binding pledge to avoid further price wars, China’s Association of Automobile Manufacturers, at the advisement of the country’s Ministry of Industry and Information Technology, has retracted the pledge after quickly catching flack promoting potential monopolization.

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Over a dozen EV automakers, including Tesla and NIO pledge to avoid further price wars in China

XPeng G6

A slew of automakers in China have banded together and pledged to regulate how they market their EVs and avoid further price wars to help stabilize a booming market for consumers. Chinese EV automakers like NIO, XPeng, and BYD have been joined by the likes of Tesla to promote healthy competition and less “bad blood” overseas.

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