XPeng’s new MONA M03 EV nabs 30,000 orders in first 48 hours as deliveries commence
BYD is taking over its distributor in Germany, allowing it to sell its cars directly in Europe’s largest auto market.
On Friday, the Chinese auto giant officially signed an agreement with Hedin Mobility Group to buy out its subsidiary, Heden Electric Mobility.
BYD’s big move is part of its ambitious plans to expand in Europe. BYD aims to control 5% of the European auto market by 2026. Germany will be a crucial part of achieving this. However, as of the end of July, the Chinese automaker accounted for a minor 0.1% with only 1,432 vehicle registrations in Germany.
My grandmother what big eyes do you have.
It seems BYD has plans to be the #1 EV manufacturer in the world.
This reminds me of the entry of Japanese brands such as Toyota and Honda in the 1980s. Barring huge tariffs the market shift could be tectonic. The impact on workers could be huge.
If the CCP really is subsidizing these manufacturers are much as is being said then I’m not sure I see a way around large import tariffs. (even though all that really does is put American money into the American Treasury). On the other hand how much can we really protect our car industry? Is it important? Probably. Have the Big Three given me much reason to want to preserve them? Well, I’ve been a Mazda/Honda buyer since 2001 because I got fed up with GM “quality”.
(trying to forget for the moment that my latest Acura was built by Cadillac…)