BYD

In the German new-car market, BYD is luring buyers with discounts of up to nearly 38 percent off the list price for the plug-in hybrid Seal 6. Overall, dealers and manufacturers increased price cuts on combustion-engine cars and plug-in hybrids in October, while electric cars saw smaller reductions. Rising fuel prices and subsidy premiums keep demand for plug-in hybrids attractive, and import limits for Chinese hybrid vehicles have been agreed between the EU and China. » More on finanzen.net

Demand in Brazil already exceeds production at the Camaçari plant, so BYD has applied for permits to double annual capacity to 600,000 vehicles. From 2027 BYD intends to source more than 50% of components locally to enable exports to Argentina and Mexico. Investments have already surpassed the originally planned 5.5 billion reais; the plant currently employs about 9,000 people. Analysts are largely confident but see risks from the weakening situation in China and potential EU import limits on hybrids. » More on finanzen.net

According to Acea data, BYD’s new registrations in Europe in the first nine months rose 150 percent to 206,002 vehicles. Overall EU new registrations in September increased by 9.3 percent; battery-electric cars registered a sales increase of almost 73 percent and reached a market share of 22.7 percent. High fuel prices and government subsidies are cited as the main drivers of the EV boom. » More on manager-magazin.de