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BYD boosts battery EV sales and plans localisation in Europe – Automotive Logistics

BYD boosts battery EV sales and plans localisation in Europe – Automotive Logistics

The carmaker wants to significantly boost sales in Europe to account for up to 10% of all EV sales there by 2030, equal to around 800,000 vehicles a year, according to earlier comments by its European CEO, Michael Shu. Localising passenger car production in Hungary is a step toward hitting that target. The company already sells cars in Belgium, Denmark, France, Germany, the Netherlands, Norway and Sweden, and market analyst Statista reported that BYD’s revenue from European sales is projected… 

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