BYD Company

The reverberations continue from the world's largest electric vehicle manufacturer BYD choosing Türkiye for its investment after Hungary. This investment, the first of its kind in 27 years, is expected to have a ripple effect on other Chinese manufacturers who have long been in talks with Türkiye.

China's BYD, the world's largest electric vehicle producer, has signed a deal with the Turkish Industry and Technology Ministry to build a $1 billion factory, while another Chinese carmaker SWM also has investment plans.

The European Commission decision to impose, possibly from July, additional duties on Chinese electric vehicles that will reach up to 38.1% creates new conditions for the Chinese automobile industry that is seeking to increase its share in the Greek market as well.

The European Union has warned it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war.

Brussels angered Beijing by launching the investigation last year in a bid to defend European manufacturers in the face of a surge of cheaper Chinese imports.

China's BYD said on Thursday it is entering the Greek passenger car market with the launch of two models, the latest move from the electric vehicle giant to expand in Europe.

Data from a Japanese auto industry association show that China overtook Japan as the world's largest vehicle exporter last year.

The Japan Automobile Manufacturers Association reported Japan exported 4.42 million vehicles in 2023, up 16 percent from a year earlier, while domestic auto sales totaled nearly 4.78 million vehicles.

A tender for the purchase of another 100 electric buses (12 meters long with an autonomy of 135 kilometers) has been declared void after the offer by the sole bidder, China's BYD, was deemed not to meet requirements, according to a decision signed by Transport Minister Christos Staikouras.

You are definitely living under a rock if you haven't heard that many cities in China are suffering from record-breaking pollution levels. If you're a hardcore regular of CleanTechnica, you also know that electric buses have been selling like hotcakes in China. The EV-loving city Shenzhen is taking it one step further.