Volkswagen:Competition From China EVs: Difference between revisions

Volkswagen:Competition From China EVs (view source)

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 === How will BYD's Europe Plant Operate? ===
-*'''UBS estimate that BYD's vehicles produced in Europe would likely be 25% cheaper than those of its rivals thanks to its highly integrated vertical supply chains and the fact that 75% of its auto components are made in-house<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>.''' According to Benchmark analyst Roman Aubry, BYD is able to negotiate lower costs for battery materials since it's a giant battery maker<ref name=":4" />.
 * BYD Europe CEO Michael Shu confirmed to Automotive News Europe in March 2024 that production at the Szeged, Hungary will start before 2026 and will have an '''annual production capacity of 150,000 that could double to 300,000'''<ref>https://www.autonews.com/china/how-byd-aims-become-top-ev-player-europe</ref>'''.'''
 * The Szeged plant is '''set to receive subsidies from the Hungarian government'''. Hungary's Foreign Minister Peter Szijjarto said the amount of the subsidy will be announced once the EU Commission approves the plant. "This is set to be one of the biggest investments in Hungarian economic history," he said<ref name=":1" />.