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A new fully-electric SUV from BYD (Build Your Dreams ) is next month being introduced to customers in Europe for the first time, and is due to arrive here in Ireland early next year.
GlobalData’s latest report “Global Sector Overview & Forecast: Cockpits and Instrumentation,” reveals that the APAC cockpits and instrumentation market is estimated to stand at 144.3 million units in 2023. The high growth in luxury and medium segment cars in the APAC markets drove the category over the past years, driven by the category of instrument clusters. The penetration rate of China, Japan, India, and Korea is constant at 100% throughout the forecast period. The sector is estimated to reach 164.7 million units by 2028.
Also, GM adds Google AI to OnStar, and Chinese EV Maker Nio is having a tough time right now.
BYD marks its 10th anniversary in the electric segment in India with a steadfast commitment to the Indian EV market and a vision of driving sustainable growth through cutting-edge technological innovations for a better life, the company said.
China's largest electric vehicle (EV) maker, BYD, faces allegations of tax evasion on imported car parts used in the vehicles assembled by the company in India, according to sources familiar with the matter. The Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax of 730 million rupees (USD 9m), although the automaker has since deposited that sum.