2023 Munich Motor Show - BYD plans to produce cars in Europe before 2030
- The Chinese carmaker BYD, specializing in battery electric cars and plug-in hybrids, has quickly become the leading Chinese carmaker and is on the way to becoming the leading carmaker in China ahead of the Volkswagen group. He is exhibiting at the 2023 Munich Motor Show after having recently announced that he wants to build battery electric cars in Europe.
- Its range in China is very wide, from the B-segment small car (Seagull) to the D and E-segment large SUVs. In Europe, its current range consists of the Atto 3 (C-segment SUV), sedan Han (E-segment) and the large Tang SUV (E-segment), but the carmaker will also import the Dolphin (C-segment sedan) and the Seagull (B-segment sedan), always with an advantage on the selling price compared to production European, around 10,000 to 15,000 euros depending on the model.
- BYD only sold 3,000 cars in Europe in the first half of 2023, but the automaker is just getting started on this continent. In China, BYD sold 1,248,000 cars over the same period and it is obvious that with such power, the Chinese carmaker will find a way to quickly become one of the main Chinese sellers in Europe, especially if it materializes his desire to produce cars in Europe.
- There is indeed a market in Europe for battery electric cars sold at prices between 15,000 and 30,000 euros, the average price of an electric car being rather between 40,000 and 50,000 euros. A Volkswagen ID4 is worth between 45,000 and 50,000 euros, a Tesla Model 3 is worth between 42,000 and 50,000 euros.