BYD
BYD Auto Co., Ltd., a Chinese multinational BYD Company subsidiary, specializes in manufacturing new energy vehicles, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Founded in 2003 after acquiring Xi'an Qinchuan Automobile, BYD Auto launched its first vehicles in the mid-2000s. The company phased out combustion engines in 2022 to focus on electric models and leads global sales in the sector. It produces most vehicle components in-house and is expanding into international markets, emphasizing its integrated production and advanced battery technology.
Outbound investment captured
China’s BYD Puts Brakes on Vietnam EV Factory Plans Amid Market Slowdown
BYD, the world’s leading electric vehicle (EV) manufacturer and Tesla’s main competitor, has reportedly slowed down its plans to build a factory in Vietnam. This news comes despite an earlier announcement from the Vietnamese government in May 2023. Strategic Shift and Market Realities The decision to delay construction appears to
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