Chinese electric vehicle (EV) maker BYD Co Ltd will supply EV batteries to U.S. automaker Ford Motor Co, a document on the website of the Ministry of Industry and Information Technology showed on Monday.
Ford’s China venture with Changan Automobile is seeking government approval to build a plug-in hybrid model equipped with BYD’s batteries, according to the document.
Looking only at BEVs, Tesla expanded its lead, increasing its market share by 6% and more than doubling the result of #2 Renault Nissan Alliance, which has also saw its share inflate by 5%, allowing it to jump from #4 to the runner-up spot, but the Volkswagen Group is getting closer, having jumped from 6th to 3rd, and earning 6% share, to 11%, equaling Tesla in market share growth.
Hyundai-Kia is also on the rise, jumping from #7 to #4, increasing its share by 3%, running ahead of last year’s Bronze Medalist BYD, that is now #5, with 6% share, down 3%.
Hyundai Motor Group, including Hyundai Motor and Kia Motors, was the fourth-largest global manufacturer of electric vehicles (EVs) in the first quarter of 2020, according to research carried out by the Korea Automobile Manufacturers Association (KAMA).
BYD is also targeting European markets with its new Han electric sedan. After the model was originally supposed to debut in April at Auto China, which was cancelled due to Covid-19 pandemic, the manufacturer has just announced that it intends to present the model in Europe. BYD is also already naming a price range for sales in Europe.
According to the Chinese electric bus-making giant, the deployment in the region in the extreme north of Sweden offers the ideal opportunity to demonstrate the performance of battery-electric engineering in icy environments. This buses now ordered by Nobina will be operating close to the Arctic Circle at latitude 65.31º north…
The firm, which already sells electrified buses and coaches in Europe, has chosen Norway as the first country to receive the Tang on the basis that it has a strong charging infrastructure and existing strong demand for EVs.
Chinese electric vehicle maker BYD said on Thursday it has partnered with Toyota-owned truck maker Hino Motors to develop electric commercial vehicles, as BYD deepens electric collaboration with Japan’s top automaker.
The partnership will focus on electric buses and trucks, in addition to BYD and Toyota’s joint development on electric passenger cars.
In late January, BYD converted its automobile assembly line in Shenzhen, China in order to produce desperately needed masks and hand sanitizer for healthcare and frontline workers. In mid-March the company said it produced 5 million masks a day, making it “the world’s largest mass-produced face masks plant.” Today, the plant produces 25 million to 30 million masks a day.
For the month of March, BYD recorded a 34.65% decrease from the year-ago period, while boasted a stupendous 456.24% increase from Feb. thanks to the rising demands following the effective prevention and control of COVID-19 spread.
The joint venture, called BYD Toyota EV Technology (BTET), is based in Shenzhen and is scheduled to start operations in May.
With the 50:50 joint venture, the partners will create around 300 jobs. The two companies will share not only the capital but also the personnel: Engineers from both BYD and Toyota will move to the new joint venture from the development departments of their respective companies. Hirohisa Kishi from Toyota is the chairman of the new company, Zhao Binggen from BYD is the CEO. » […]