Auto China 2024: BYD is thinking about additional areas of the European Union – Auto China Beijing, electromobility (e-mobility), corporate news, economy and industry (other) | Information

While German manufacturers currently want to plan and produce more in China for China, BYD wants the automotive world to take a different approach. And now Stella Li, a member of the European board, also dares to dream of becoming number one, at least in the electric car segment.

With 15,600 units in Germany, we’re still a long way from that, but BYD’s first European factory is scheduled to go online in Hungary in 2024 and is expected to churn out 300,000 vehicles sold in the European Union in 2023. And a short way, under CO2 and taxes. Because of this and shipping it raises the price of goods from China by about 30 to 35 percent, according to an insider.

BYD also made noticeable growth in China

In fact, BYD was also able to make a noticeable profit in its home market: Compared to our last visit to the disaster in Beijing, Han and Co. now they are more on the streets, but they have also freed themselves from their niche. in Europe.

Interesting: The brand was founded in 1995 as a battery manufacturer and now employs nearly 700,000 people in its various divisions – more than Volkswagen. In 30 factories, in addition to batteries and storage devices (which in European homes and residences often come from BYD), they also produce laptops, mobile phones, buses, trucks, medical technology and cars. More than three million cars by 2023, 70 percent of them electric, 30 percent as plug-in hybrids. Thus, BYD dethroned Tesla as the world’s largest electric car manufacturer. That is why we are now thinking about the second production.