BYD
In nurturing some formidable automakers, China has became a power hub of R&D, planning, sourcing and production across the auto industry, while playing a central role in the geopolitics and trade wars unfolding today.
Ford’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year.
The PHEV market is surging for mainstream brands in Europe this year. Plug-in hybrids also avoid EU tariffs on Chinese electric vehicles.
The first Denza model will be the Z9 GT, with three motors and more than 950 hp. A plug-in hybrid model will follow.
Denza will be the Chinese automaker's tech forerunner in Europe with advanced equipment that will later appear on BYD brand cars.
BYD has set a goal of selling around 5.5 million vehicles this year, 800,000 of which it forecasts may be exports.
China’s car market has undergone dramatic changes in recent years, with domestic automakers gaining ground on foreign rivals amid the market’s rapid shift to electrified vehicles. So who's winning?
Chairman Wang Chuanfu told analysts he was confident BYD’s profitability per vehicle will top Toyota’s when it reaches the scale of the Japanese manufacturer, saying BYD’s cost controls are better.
BYD is eyeing super-fast charging and expansion in Europe to solidify its position as a global EV leader.
The Chinese EV champion overtook Volkswagen Group to lead China’s light-vehicle sales with a record 4.25 million vehicles in 2024.
