JAKARTA -- China's automaker BYD launched its premium brand DENZA on Wednesday to expand its presence in Indonesia's upscale automotive market. "This year, BYD will bring more new models to Indonesia," said Liu Xueliang, general manager of BYD Asia-Pacific auto sales division, during the launch event in Jakarta.
BYD Electronic's automotive segment is projected to grow significantly by riding on the coattails of its parent. See why BYDIY stock is a Buy.
China's BYD is on track to exceed its 2024 global sales goal of 4 million vehicles, potentially outselling established automakers like Ford and Honda.
China's top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm's ambition to dominate in the market where Japanese automakers are popular.
Named after the city in which the company is headquartered, the BYD Shenzhen recently undocked from Yangzhou port, northwest of Shanghai.
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BYD’s EV sales surged past Toyota’s in Japan, signaling a shift in the balance of power in one of the world’s top auto markets.
In 2024, Chinese NEV development reached a significant milestone. Sales are projected to surpass 10 mn units by the end of the year, while the monthly market share of ICEs has dropped to 37%, showcasing the impact of ongoing technological advancements.
China can tap a large software engineer talent pool from its consumer-focused companies, Pan Jian of battery maker CATL told the World Economic Forum.