The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
The good folks over at the 'CSL AutoTime' channel on YouTube have an unusual EV drag racing setup - at least for America - between a Model Y and a BMW iX3
Electric Vehicle Market Electric Vehicle Market Dublin, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The "Electric Vehicle Market by Product, Range, Vehicle Type, Vehicle Class, Region and Company Analysis 2025-2033" report has been added to ResearchAndMarkets.
BYD has beaten out Toyota Motor to take the title of most popular car brand in Singapore for the first time. Read more at The Business Times.
According to Bloomberg, in 2024, BYD zoomed past Toyota with 6,191 cars sold, compared to Toyota’s 5,736, more than quadrupling sales from 1,416 BYD cars sold the previous year. The company captured 14 per cent of Singapore’s tightly regulated market, also outpacing Tesla (2,384), Mercedes-Benz (4,487), and BMW (5,042).
The Chinese EV brand netted 14.4 per cent of the Singapore new car market in 2024. Read more at straitstimes.com.
CN MOC: 2024 Total Retail Sales of Social Consumer Goods Rise 3.5% YoY to RMB48.8T
BMW’s Chinese-made BEVs now incur EU import tariffs of close to 21%, while for BYD’ Auto the tariff rate is set at 17%; Geely 19%; and SAIC Motor 35%. Olof Gill, spokesperson for the European Commission (EC), confirmed earlier this week that the EU is prepared to respond to the case in court.
BYD Company Limited surpassed Tesla, Inc. as top EV maker with vertical integration strategy through Mexico production facilities. Click for more on TSLA and BYDDF.