BYD

The US military at Kadena airbase in Okinawa has banned all BYD vehicles, including privately owned cars, taxis and delivery vehicles, citing an "unacceptable and unmitigable" security risk. The restriction reflects concerns that vehicle-mounted technologies such as cameras, sensors and GPS could be used to collect sensitive information and is part of broader US measures targeting Chinese tech. BYD was added to a Pentagon list of firms with ties to China’s military in June and has been rapidly expanding overseas after overtaking Tesla in global EV sales. » Altro su theguardian.com

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. » Altro su 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. » Altro su finanzen.net