Reported 1 day ago
At the IAA Mobility 2025 show in Munich, BYD Auto, China's largest automaker, unveiled plans to strengthen its European presence by expanding its sales network and local production. After tripling its sales to 84,400 units in the first eight months of 2025, BYD aims to double its sales outlets in Europe by 2026 and is building new production facilities in Hungary and Turkey. Despite facing challenges like a 27% import duty on Chinese-made electric vehicles in the EU, BYD is committed to creating a local supply chain and ecosystem to support its growth in the region.
Source: YAHOO