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BYD production snowballs as it celebrates rolling five millionth plug-in EV off the assembly line

BYD production

While some EV automaker’s are working to deliver EV numbers in the tens of thousands, China’s Build Your Dreams (BYD) is on an entirely different level. The automotive manufacturing conglomerate is celebrating five million new energy vehicles (NEVs) built – a feat in it of itself, but an even greater tell to just how quickly BYD’s production lines are expanding.

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BYD mulls dropping $1 billion EV joint venture in India following government scrutiny

BYD India

After submitting a proposal to the government in India alongside its local joint venture partner this past spring, Build Your Dreams (BYD) is reportedly shelving a $1 billion investment following opposition from the government in New Delhi over security concerns relating to such a large investment from a Chinese company.

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China Ministry retracts pricing pledge for local automakers, citing anti-monopoly law

China EV pricing

Mere days after gathering over a dozen automakers building EVs in China to commit to a non-binding pledge to avoid further price wars, China’s Association of Automobile Manufacturers, at the advisement of the country’s Ministry of Industry and Information Technology, has retracted the pledge after quickly catching flack promoting potential monopolization.

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Over a dozen EV automakers, including Tesla and NIO pledge to avoid further price wars in China

XPeng G6

A slew of automakers in China have banded together and pledged to regulate how they market their EVs and avoid further price wars to help stabilize a booming market for consumers. Chinese EV automakers like NIO, XPeng, and BYD have been joined by the likes of Tesla to promote healthy competition and less “bad blood” overseas.

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