Page 79 - Byd News Today

The International Motor Show Germany (IAA Mobility), one of the world’s most important auto shows, kicked off on Tuesday in Munich city, with an array of Chinese automakers and auto parts producers showcasing their latest and most advanced products at the event.

Europe’s auto makers were crying out for help, as the Chinese launched new imports. German brands used to lead the world. The electric revolution has changed all that.

China, an electric-vehicle juggernaut, will have at least seven brands on display, while Germany’s automakers are now a drag on their home economy.

Chinese electric vehicle (EV) manufacturers are expected to almost double their global market share to 33% by the end of the decade, causing Western automakers to lose a fifth of their market share, according to UBS Group AG analysts. Chinese automakers, led by BYD Co., have a cost advantage over North American and European brands, allowing them to undercut rivals.

BYD Rever Thailand, the authorised distributor of BYD electric vehicles (EV) from China, said on Monday that a damaged wire connecting to the 12v battery caused a brand new ATTO 3 car to emit smoke while charging.

Chinese Electric Vehicles: Chinese electric vehicle (EV) manufacturers are expected to almost double their global market share to 33% by the end of the decade, causing Western automakers to lose a fifth of their market share, according to UBS Group AG analysts. Chinese automakers, led by BYD Co., have a cost advantage over North American and European brands, allowing them to undercut rivals.

China’s best-selling carmaker BYD showed off its new electric offerings for the European market, including the Seal U compact sport utility vehicle and the Seal sedan.

Investors and talent pile into China’s EV and battery industries that are increasingly engines of country’s growth

Tesla shares fell nearly 6% on Friday after the electric automaker unveiled a restyled, China-made Model 3 with a higher price, while slashing prices of its premium vehicles and its "Full Self-Driving" (FSD) software.

Sustainability Auto Sourcing: The survey featured 1,004 executives from global automotive companies from BYD to Ford to Lamborghini with over USD 1 billion revenue, and suppliers with at least USD 500 million.